CrowdStrike (NASDAQ:CRWD) Price Target Raised to $490.00

CrowdStrike (NASDAQ:CRWDFree Report) had its price target increased by Stephens from $465.00 to $490.00 in a research report sent to investors on Wednesday,MarketScreener reports. Stephens currently has an overweight rating on the stock.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus dropped their target price on shares of CrowdStrike from $600.00 to $480.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Citizens Jmp reiterated a “market outperform” rating and issued a $500.00 price target on shares of CrowdStrike in a report on Wednesday, December 3rd. UBS Group reissued an “overweight” rating on shares of CrowdStrike in a report on Wednesday. Weiss Ratings restated a “sell (d+)” rating on shares of CrowdStrike in a research report on Monday, December 29th. Finally, BMO Capital Markets reduced their target price on CrowdStrike from $555.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $505.98.

Read Our Latest Analysis on CRWD

CrowdStrike Stock Up 0.7%

NASDAQ CRWD opened at $428.99 on Wednesday. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90. The company has a current ratio of 1.77, a quick ratio of 1.81 and a debt-to-equity ratio of 0.17. The stock has a market cap of $108.15 billion, a PE ratio of -579.71, a P/E/G ratio of 20.82 and a beta of 1.06. The stock’s 50 day moving average is $431.56 and its 200 day moving average is $468.58.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. CrowdStrike had a negative net margin of 3.81% and a negative return on equity of 0.14%. The company’s revenue was up 23.8% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. Research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In other CrowdStrike news, Director Johanna Flower sold 3,000 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 76,082 shares of the company’s stock, valued at $35,145,319.08. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael Sentonas sold 11,461 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $479.78, for a total value of $5,498,758.58. Following the sale, the president owned 342,655 shares in the company, valued at approximately $164,399,015.90. This trade represents a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 91,947 shares of company stock worth $41,438,616. 3.32% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

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

CrowdStrike News Roundup

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)

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