Argus Cuts CrowdStrike (NASDAQ:CRWD) Price Target to $520.00

CrowdStrike (NASDAQ:CRWDFree Report) had its price objective trimmed by Argus from $600.00 to $520.00 in a report issued on Thursday,MarketScreener reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on CRWD. Robert W. Baird dropped their target price on CrowdStrike from $550.00 to $450.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of CrowdStrike from $475.00 to $440.00 and set a “hold” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on shares of CrowdStrike from $582.00 to $472.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Needham & Company LLC decreased their target price on shares of CrowdStrike from $575.00 to $475.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wedbush restated an “outperform” rating and set a $550.00 price target on shares of CrowdStrike in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $505.98.

Get Our Latest Stock Analysis on CRWD

CrowdStrike Trading Up 0.7%

NASDAQ CRWD opened at $428.99 on Thursday. The firm’s 50 day moving average price is $431.56 and its two-hundred day moving average price is $468.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.81 and a current ratio of 1.77. CrowdStrike has a twelve month low of $298.00 and a twelve month high of $566.90. The stock has a market cap of $108.15 billion, a price-to-earnings ratio of -579.71, a PEG ratio of 20.96 and a beta of 1.06.

CrowdStrike (NASDAQ:CRWDGet Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. CrowdStrike had a negative return on equity of 0.14% and a negative net margin of 3.81%.CrowdStrike’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. Equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 28,853 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total transaction of $11,916,577.53. Following the transaction, the chief executive officer directly owned 2,054,902 shares in the company, valued at $848,695,075.02. This trade represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 value of $3,272,604.38. Following the completion of the sale, the chief financial officer directly owned 169,613 shares of the company’s stock, valued at $70,521,693.14. This represents a 4.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 91,947 shares of company stock worth $41,438,616 in the last 90 days. 3.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Laurel Wealth Advisors LLC boosted its position in CrowdStrike by 54,635.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after purchasing an additional 4,285,640 shares during the period. Norges Bank acquired a new stake in shares of CrowdStrike in the fourth quarter worth $1,699,545,000. Vestor Capital LLC lifted its stake in shares of CrowdStrike by 269,840.3% in the second quarter. Vestor Capital LLC now owns 977,184 shares of the company’s stock worth $497,690,000 after buying an additional 976,822 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of CrowdStrike by 310.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 872,491 shares of the company’s stock worth $408,989,000 after buying an additional 659,705 shares during the period. Finally, Vanguard Group Inc. grew its stake in CrowdStrike by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock valued at $11,933,425,000 after buying an additional 596,007 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike News Summary

Here are the key news stories impacting CrowdStrike this week:

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.

Further Reading

Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

Receive News & Ratings for CrowdStrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrowdStrike and related companies with MarketBeat.com's FREE daily email newsletter.