CrowdStrike (NASDAQ:CRWD) Given New $520.00 Price Target at Oppenheimer

CrowdStrike (NASDAQ:CRWD) had its price objective boosted by Oppenheimer from $410.00 to $520.00 in a research report report published on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group restated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, May 7th. Piper Sandler set a $347.00 price objective on CrowdStrike in a report on Wednesday, March 5th. UBS Group restated a “buy” rating on shares of CrowdStrike in a research note on Tuesday. Bank of America restated a “neutral” rating and issued a $470.00 price target (up from $420.00) on shares of CrowdStrike in a research note on Wednesday. Finally, Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $449.38.

CrowdStrike Stock Down 5.8%

Shares of CRWD opened at $460.56 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business’s 50 day simple moving average is $410.85 and its 200-day simple moving average is $386.40. CrowdStrike has a one year low of $200.81 and a one year high of $491.20. The company has a market capitalization of $114.16 billion, a P/E ratio of 903.08, a PEG ratio of 17.86 and a beta of 1.22.

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

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the sale, the insider now owns 89,714 shares in the company, valued at $31,669,042. The trade was a 4.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 2,141 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $371.79, for a total value of $796,002.39. Following the sale, the chief accounting officer now owns 34,024 shares in the company, valued at $12,649,782.96. This represents a 5.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 211,681 shares of company stock worth $87,081,236. Insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently made changes to their positions in the stock. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at about $25,000. Vision Financial Markets LLC bought a new position in shares of CrowdStrike in the first quarter valued at approximately $26,000. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after acquiring an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Finally, FPC Investment Advisory Inc. grew its holdings in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Institutional investors own 71.16% of the company’s stock.

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.