Daiwa Securities Group Cuts CrowdStrike (NASDAQ:CRWD) Price Target to $500.00

CrowdStrike (NASDAQ:CRWDFree Report) had its price objective trimmed by Daiwa Securities Group from $560.00 to $500.00 in a research report report published on Tuesday,MarketScreener reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently weighed in on CRWD. Susquehanna upped their price target on CrowdStrike from $530.00 to $600.00 and gave the company a “positive” rating in a research report on Wednesday, December 3rd. Robert W. Baird cut their price objective on CrowdStrike from $550.00 to $450.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Macquarie Infrastructure restated a “neutral” rating and issued a $485.00 target price on shares of CrowdStrike in a research note on Tuesday, January 27th. Capital One Financial lowered their target price on shares of CrowdStrike from $600.00 to $590.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Finally, Wedbush reissued an “outperform” rating and set a $550.00 price target on shares of CrowdStrike in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $506.26.

Read Our Latest Analysis on CRWD

CrowdStrike Stock Down 0.1%

Shares of CRWD opened at $441.54 on Tuesday. The stock has a market cap of $111.31 billion, a price-to-earnings ratio of -596.67, a P/E/G ratio of 22.42 and a beta of 1.06. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.17. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90. The company has a 50-day moving average price of $428.86 and a two-hundred day moving average price of $469.15.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its quarterly earnings data 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. CrowdStrike had a negative return on equity of 0.14% and a negative net margin of 3.81%.The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The company’s quarterly revenue was up 23.8% on a year-over-year basis. Equities analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,530 shares of CrowdStrike stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $479.78, for a total value of $734,063.40. Following the completion of the transaction, the chief accounting officer directly owned 44,562 shares of the company’s stock, valued at $21,379,956.36. The trade was a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Burt W. Podbere sold 10,516 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $483.33, for a total transaction of $5,082,698.28. Following the transaction, the chief financial officer owned 179,114 shares in the company, valued at approximately $86,571,169.62. This trade represents a 5.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 90,024 shares of company stock valued at $40,424,241 over the last three months. Company insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of large investors have recently modified their holdings of the stock. Asset Planning Inc acquired a new stake in shares of CrowdStrike in the third quarter valued at approximately $25,000. Pilgrim Partners Asia Pte Ltd acquired a new position in CrowdStrike during the 3rd quarter worth $25,000. Anchor Investment Management LLC bought a new position in CrowdStrike in the 3rd quarter valued at $25,000. Hanson & Doremus Investment Management boosted its position in CrowdStrike by 170.0% in the 4th quarter. Hanson & Doremus Investment Management now owns 54 shares of the company’s stock valued at $25,000 after buying an additional 34 shares during the last quarter. Finally, Basepoint Wealth LLC acquired a new stake in shares of CrowdStrike in the 4th quarter valued at $25,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting CrowdStrike

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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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Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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