CrowdStrike (NASDAQ:CRWD) Price Target Raised to $525.00 at Wedbush

CrowdStrike (NASDAQ:CRWD) had its target price raised by Wedbush from $475.00 to $525.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. BMO Capital Markets boosted their target price on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Wells Fargo & Company boosted their target price on shares of CrowdStrike from $430.00 to $550.00 and gave the company an “overweight” rating in a research report on Monday. Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. KeyCorp decreased their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus set a $480.00 price objective on shares of CrowdStrike and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $415.62.

CrowdStrike Price Performance

Shares of CRWD opened at $488.76 on Tuesday. The firm has a market capitalization of $121.15 billion, a PE ratio of 958.37, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $491.20. The company’s fifty day moving average price is $408.78 and its 200-day moving average price is $385.89.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. On average, equities research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In related news, CEO George Kurtz sold 55,556 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the transaction, the chief executive officer now owns 2,192,610 shares of the company’s stock, valued at approximately $981,280,679.40. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Michael Sentonas sold 13,543 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the sale, the president now owns 405,308 shares in the company, valued at approximately $145,351,554.96. This trade represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 195,431 shares of company stock valued at $79,162,548. Company insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently added to or reduced their stakes in CRWD. Brighton Jones LLC lifted its holdings in CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock worth $2,670,000 after buying an additional 2,417 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in CrowdStrike by 12.2% during the 4th quarter. DAVENPORT & Co LLC now owns 2,668 shares of the company’s stock worth $913,000 after buying an additional 291 shares in the last quarter. Greenleaf Trust lifted its holdings in CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after buying an additional 1,033 shares in the last quarter. Stock Yards Bank & Trust Co. acquired a new stake in CrowdStrike during the 4th quarter worth approximately $242,000. Finally, Catalina Capital Group LLC lifted its holdings in CrowdStrike by 6.4% during the 4th quarter. Catalina Capital Group LLC now owns 810 shares of the company’s stock worth $277,000 after buying an additional 49 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.