CrowdStrike (NASDAQ:CRWD) Price Target Raised to $480.00 at Scotiabank

CrowdStrike (NASDAQ:CRWD) had its price objective raised by Scotiabank from $370.00 to $480.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a sector perform rating on the stock.

CRWD has been the topic of a number of other research reports. Raymond James lowered CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. JPMorgan Chase & Co. boosted their target price on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Mizuho boosted their target price on CrowdStrike from $425.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday. Roth Capital initiated coverage on CrowdStrike in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $410.00 target price on the stock. Finally, DZ Bank lowered CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 price objective on the stock. in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $449.38.

CrowdStrike Stock Down 5.8%

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

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

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerhard Watzinger sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the completion of the sale, the director now owns 29,500 shares of the company’s stock, valued at approximately $14,425,500. The trade was a 25.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 211,681 shares of company stock worth $87,081,236 over the last 90 days. Company insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike during the 1st quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new stake in shares of CrowdStrike during the 1st quarter valued at approximately $26,000. Atlantic Edge Private Wealth Management LLC lifted its position in shares of CrowdStrike by 114.3% during the 1st 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 during the period. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of CrowdStrike by 305.3% during the 1st 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 during the period. Finally, FPC Investment Advisory Inc. lifted its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

About CrowdStrike

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.