CrowdStrike (NASDAQ:CRWD) Given New $500.00 Price Target at Oppenheimer

CrowdStrike (NASDAQ:CRWDFree Report) had its price objective decreased by Oppenheimer from $580.00 to $500.00 in a research report sent to investors on Tuesday morning, Marketbeat.com reports. Oppenheimer currently has an outperform rating on the stock.

CRWD has been the topic of several other research reports. Wedbush reaffirmed an “outperform” rating and set a $600.00 price target on shares of CrowdStrike in a research report on Monday, December 1st. HSBC raised their target price on CrowdStrike from $417.00 to $446.00 and gave the stock a “hold” rating in a research note on Thursday, December 4th. Capital One Financial reduced their target price on CrowdStrike from $600.00 to $590.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. JPMorgan Chase & Co. increased their price target on CrowdStrike from $500.00 to $580.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. Finally, Morgan Stanley raised their price objective on CrowdStrike from $515.00 to $537.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 18th. 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 stock. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $540.94.

Check Out Our Latest Research Report on CrowdStrike

CrowdStrike Trading Down 0.0%

Shares of CRWD stock 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 twelve month low of $298.00 and a twelve month high of $566.90. The company’s 50-day moving average price is $444.94 and its 200-day moving average price is $471.09. The stock has a market cap of $88.30 billion, a price-to-earnings ratio of -277.98, a PEG ratio of 19.71 and a beta of 1.03.

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

Insider Activity at CrowdStrike

In other news, CFO Burt W. Podbere sold 7,871 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $415.78, for a total value 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 approximately $70,521,693.14. This trade represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Johanna Flower sold 3,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the completion of the transaction, the director owned 76,082 shares of the company’s stock, valued at $35,145,319.08. This trade represents a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 100,247 shares of company stock valued at $45,722,274. 3.32% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

A number of large investors have recently modified their holdings of CRWD. Asset Planning Inc purchased a new stake in CrowdStrike during the 3rd quarter worth about $25,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of CrowdStrike in the 3rd quarter valued at about $25,000. Anchor Investment Management LLC acquired a new position in shares of CrowdStrike during the third quarter worth about $25,000. Hanson & Doremus Investment Management increased its stake in shares of CrowdStrike by 170.0% during the fourth quarter. Hanson & Doremus Investment Management now owns 54 shares of the company’s stock worth $25,000 after buying an additional 34 shares during the period. Finally, Basepoint Wealth LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth approximately $25,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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About CrowdStrike

(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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