Jefferies Financial Group Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its price objective increased by Jefferies Financial Group from $410.00 to $520.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently issued reports on CRWD. BTIG Research reissued a “buy” rating on shares of CrowdStrike in a report on Thursday, May 22nd. Roth Capital began coverage on shares of CrowdStrike in a report on Wednesday, April 23rd. They set a “buy” rating and a $410.00 price target for the company. Royal Bank of Canada boosted their price target on shares of CrowdStrike from $500.00 to $510.00 and gave the company an “outperform” rating in a report on Wednesday. Cantor Fitzgerald boosted their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Finally, Wedbush upped their price objective on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an “outperform” rating in a report on Tuesday. Two 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $449.38.

CrowdStrike Stock Down 5.8%

Shares of NASDAQ:CRWD opened at $460.56 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $410.85 and a 200 day simple moving average of $386.40. The firm has a market cap of $114.16 billion, a PE ratio of 903.08, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $491.20.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The firm 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 revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. On average, equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, CEO George Kurtz sold 55,556 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total value of $4,890,000.00. Following the sale, the director now directly owns 29,500 shares of the company’s stock, valued at $14,425,500. The trade was a 25.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 211,681 shares of company stock worth $87,081,236 over the last 90 days. 3.32% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Institutional investors and hedge funds have recently modified their holdings of the business. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike during the first quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new stake in shares of CrowdStrike during the first quarter valued at approximately $26,000. Atlantic Edge Private Wealth Management LLC increased its position in shares of CrowdStrike by 114.3% during 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 during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after buying an additional 58 shares during the last quarter. Finally, FPC Investment Advisory Inc. increased its position in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.