CrowdStrike (NASDAQ:CRWD) Given New $375.00 Price Target at Evercore

CrowdStrike (NASDAQ:CRWDFree Report) had its price objective cut by Evercore from $460.00 to $375.00 in a research report released on Wednesday,MarketScreener reports. They currently have an equal weight rating on the stock.

Several other brokerages have also commented on CRWD. Morgan Stanley increased their price objective on CrowdStrike from $515.00 to $537.00 and gave the company an “equal weight” rating in a research report on Thursday, December 18th. Stifel Nicolaus cut their price objective on shares of CrowdStrike from $600.00 to $480.00 and set a “buy” rating for the company in a research note on Monday. Arete Research set a $706.00 price target on shares of CrowdStrike in a research note on Tuesday, October 28th. Wedbush restated an “outperform” rating and set a $600.00 price target on shares of CrowdStrike in a research report on Monday, December 1st. Finally, Loop Capital set a $550.00 price objective on CrowdStrike in a report on Thursday, December 11th. Thirty investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $534.17.

Read Our Latest Analysis on CrowdStrike

CrowdStrike Price Performance

CRWD stock traded up $15.35 during mid-day trading on Wednesday, reaching $378.66. 3,058,761 shares of the company traded hands, compared to its average volume of 3,720,586. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The company has a market capitalization of $95.46 billion, a P/E ratio of -300.90, a P/E/G ratio of 19.70 and a beta of 1.03. The company has a fifty day moving average price of $442.81 and a 200-day moving average price of $470.33.

CrowdStrike (NASDAQ:CRWDGet Free Report) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. CrowdStrike’s revenue was up 21.8% on a year-over-year basis. As a group, analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, Director Johanna Flower sold 3,000 shares of CrowdStrike stock in a transaction on Thursday, January 15th. The stock was 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 in the company, valued at approximately $35,145,319.08. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael Sentonas sold 11,461 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $479.78, for a total value of $5,498,758.58. Following the completion of the sale, the president directly owned 342,655 shares in the company, valued at approximately $164,399,015.90. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 100,247 shares of company stock valued at $45,722,274 over the last 90 days. 3.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC boosted its stake in shares of CrowdStrike by 54,635.9% during the 2nd 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 purchased a new position in CrowdStrike in the 4th quarter worth about $1,699,545,000. Vestor Capital LLC grew its stake in CrowdStrike by 269,840.3% in the 2nd quarter. Vestor Capital LLC now owns 977,184 shares of the company’s stock worth $497,690,000 after acquiring an additional 976,822 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of CrowdStrike by 310.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 872,491 shares of the company’s stock worth $408,989,000 after acquiring an additional 659,705 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of CrowdStrike by 2.6% in the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock valued at $11,933,425,000 after purchasing an additional 596,007 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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