CrowdStrike (NASDAQ:CRWD) Price Target Raised to $540.00 at Stephens

CrowdStrike (NASDAQ:CRWD) had its price objective raised by Stephens from $450.00 to $540.00 in a research report released on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Robert W. Baird lowered their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Cantor Fitzgerald increased their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. Wedbush increased their price objective on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Evercore ISI reissued an “in-line” rating and set a $440.00 price objective (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $449.38.

CrowdStrike Trading Down 5.8%

Shares of NASDAQ CRWD opened at $460.56 on Wednesday. The company’s 50 day simple moving average is $410.85 and its 200 day simple moving average is $386.40. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $491.20. The firm has a market capitalization of $114.16 billion, a P/E ratio of 903.08, a P/E/G 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 (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating 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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $0.93 earnings per share. CrowdStrike’s revenue was up 19.8% compared to the same quarter last year. On average, analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares of the company’s stock, valued at $31,669,042. This trade represents a 4.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the director now directly owns 29,500 shares in the company, valued at approximately $14,425,500. This represents a 25.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 211,681 shares of company stock worth $87,081,236. 3.32% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the company. Primoris Wealth Advisors LLC bought a new position in CrowdStrike in the 4th quarter valued at about $2,166,000. Arcadia Investment Management Corp MI increased its holdings in CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after buying an additional 2,814 shares during the period. Trifecta Capital Advisors LLC grew its holdings in shares of CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after purchasing an additional 8,561 shares during the last quarter. Delta Financial Group Inc. bought a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $336,000. Finally, Marshall Investment Management LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $2,494,000. 71.16% of the stock is owned by institutional investors.

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.