Mizuho Cuts CrowdStrike (NASDAQ:CRWD) Price Target to $490.00

CrowdStrike (NASDAQ:CRWD) had its price objective lowered by equities research analysts at Mizuho from $540.00 to $490.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price objective would indicate a potential upside of 14.05% from the company’s previous close.

CRWD has been the subject of several other reports. BNP Paribas Exane boosted their target price on shares of CrowdStrike from $350.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Needham & Company LLC increased their target price on shares of CrowdStrike from $535.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. DA Davidson restated a “buy” rating and issued a $580.00 target price on shares of CrowdStrike in a report on Wednesday, December 3rd. Susquehanna raised their price objective on shares of CrowdStrike from $530.00 to $600.00 and gave the stock a “positive” rating in a report on Wednesday, December 3rd. Finally, HSBC lifted their price objective on shares of CrowdStrike from $417.00 to $446.00 and gave the company a “hold” rating in a research note on Thursday, December 4th. Thirty-one equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $551.13.

CrowdStrike Trading Up 4.4%

Shares of NASDAQ CRWD opened at $429.64 on Tuesday. The company’s fifty day moving average is $458.83 and its 200-day moving average is $473.22. The stock has a market cap of $108.31 billion, a price-to-earnings ratio of -340.98, a P/E/G ratio of 24.59 and a beta of 1.03. The company has a quick ratio of 1.81, a current 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.

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

Insider Buying and Selling

In related news, CEO George Kurtz sold 28,853 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 2,054,902 shares of the company’s stock, valued at approximately $848,695,075.02. This represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Denis Oleary sold 7,750 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $515.44, for a total value of $3,994,660.00. Following the completion of the sale, the director owned 10,816 shares of the company’s stock, valued at approximately $5,574,999.04. This represents a 41.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 100,247 shares of company stock valued at $45,722,274 in the last 90 days. Insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CRWD. &PARTNERS raised its holdings in shares of CrowdStrike by 16.6% in the fourth quarter. &PARTNERS now owns 63,814 shares of the company’s stock worth $29,933,000 after buying an additional 9,091 shares during the last quarter. Siemens Fonds Invest GmbH raised its stake in CrowdStrike by 27.0% during the fourth quarter. Siemens Fonds Invest GmbH now owns 11,356 shares of the company’s stock worth $5,401,000 after purchasing an additional 2,415 shares during the period. Titan Wealth CI Ltd acquired a new stake in CrowdStrike in the 4th quarter valued at approximately $8,013,000. Nicholas Wealth LLC. grew its stake in CrowdStrike by 7.9% during the 4th quarter. Nicholas Wealth LLC. now owns 2,556 shares of the company’s stock worth $1,198,000 after purchasing an additional 187 shares in the last quarter. Finally, Howe & Rusling Inc. boosted its holdings in CrowdStrike by 2.7% in the fourth quarter. Howe & Rusling Inc. now owns 20,270 shares of the company’s stock valued at $9,502,000 after purchasing an additional 540 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Company Profile

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.