CrowdStrike (NASDAQ:CRWD) Price Target Cut to $480.00 by Analysts at TD Cowen

CrowdStrike (NASDAQ:CRWDFree Report) had its target price decreased by TD Cowen from $580.00 to $480.00 in a research note issued to investors on Tuesday morning, Marketbeat.com reports. TD Cowen currently has a buy rating on the stock.

A number of other research firms have also weighed in on CRWD. Citigroup increased their target price on CrowdStrike from $595.00 to $610.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Royal Bank Of Canada set a $550.00 price target on shares of CrowdStrike in a report on Wednesday, February 11th. Susquehanna lifted their price objective on shares of CrowdStrike from $530.00 to $600.00 and gave the company a “positive” rating in a report on Wednesday, December 3rd. Argus boosted their price objective on shares of CrowdStrike from $540.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, December 3rd. Thirty analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $540.94.

Check Out Our Latest Analysis on CrowdStrike

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $350.25 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90. The company has a market capitalization of $88.30 billion, a price-to-earnings ratio of -277.98, a PEG ratio of 19.71 and a beta of 1.03. The firm’s 50-day moving average is $444.94 and its 200 day moving average is $471.09.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its earnings results on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. Research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Johanna Flower sold 3,000 shares of CrowdStrike stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $461.94, for a total value of $1,385,820.00. Following the transaction, the director owned 76,082 shares in the company, valued at $35,145,319.08. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 7,871 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $415.78, for a total transaction of $3,272,604.38. Following the completion of the transaction, the chief financial officer owned 169,613 shares of the company’s stock, valued at $70,521,693.14. This represents a 4.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 100,247 shares of company stock worth $45,722,274. 3.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Disciplined Equity Management Inc. grew its holdings in CrowdStrike by 0.8% in the third quarter. Disciplined Equity Management Inc. now owns 2,405 shares of the company’s stock worth $1,179,000 after purchasing an additional 20 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of CrowdStrike by 6.4% during the 3rd quarter. TD Private Client Wealth LLC now owns 334 shares of the company’s stock valued at $164,000 after purchasing an additional 20 shares during the last quarter. Financially Speaking Inc boosted its position in shares of CrowdStrike by 26.7% in the 3rd quarter. Financially Speaking Inc now owns 95 shares of the company’s stock worth $47,000 after purchasing an additional 20 shares in the last quarter. Catalyst Financial Partners LLC grew its stake in CrowdStrike by 1.6% during the 3rd quarter. Catalyst Financial Partners LLC now owns 1,246 shares of the company’s stock worth $611,000 after buying an additional 20 shares during the last quarter. Finally, Fire Capital Management LLC grew its stake in CrowdStrike by 1.7% during the 3rd quarter. Fire Capital Management LLC now owns 1,239 shares of the company’s stock worth $608,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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CrowdStrike Company Profile

(Get Free Report)

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.

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