CrowdStrike (NASDAQ:CRWD) PT Lowered to $310.00

CrowdStrike (NASDAQ:CRWD) had its price objective reduced by analysts at Piper Sandler from $400.00 to $310.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 15.29% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. KeyCorp decreased their price objective on shares of CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. Oppenheimer raised their price target on shares of CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, June 5th. Canaccord Genuity Group boosted their price objective on CrowdStrike from $400.00 to $405.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Guggenheim downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $420.00 price target on shares of CrowdStrike in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $364.95.

CrowdStrike Trading Up 1.9 %

Shares of CrowdStrike stock opened at $268.88 on Monday. CrowdStrike has a fifty-two week low of $140.52 and a fifty-two week high of $398.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market cap of $65.43 billion, a P/E ratio of 507.33, a price-to-earnings-growth ratio of 15.37 and a beta of 1.10. The firm has a 50-day simple moving average of $359.35 and a two-hundred day simple moving average of $327.01.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. As a group, equities analysts predict that CrowdStrike will post 0.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the transaction, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Burt W. Podbere sold 15,753 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the completion of the transaction, the chief financial officer now directly owns 313,994 shares of the company’s stock, valued at $95,815,269.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the sale, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. The disclosure for this sale can be found here. Insiders sold a total of 219,675 shares of company stock worth $76,931,522 over the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of CrowdStrike during the 4th quarter worth $1,228,000. Financial Counselors Inc. lifted its holdings in CrowdStrike by 3.9% during the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after buying an additional 50 shares during the last quarter. Highland Capital Management LLC boosted its position in shares of CrowdStrike by 0.6% during the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after acquiring an additional 181 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of CrowdStrike in the 4th quarter valued at about $58,000. Finally, Saxony Capital Management LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth about $1,756,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.