CrowdStrike (NASDAQ:CRWD) PT Lowered to $350.00

CrowdStrike (NASDAQ:CRWD) had its price target decreased by equities researchers at Rosenblatt Securities from $420.00 to $350.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ target price suggests a potential upside of 37.71% from the company’s current price.

Several other brokerages have also recently weighed in on CRWD. Mizuho dropped their price target on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Oppenheimer lifted their target price on CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, June 5th. Morgan Stanley cut their price target on CrowdStrike from $422.00 to $396.00 and set an “overweight” rating for the company in a report on Monday. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Tuesday, May 14th. Finally, Evercore ISI cut their price objective on CrowdStrike from $405.00 to $350.00 and set an “outperform” rating for the company in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $359.16.

CrowdStrike Stock Down 1.5 %

CrowdStrike stock opened at $254.15 on Wednesday. CrowdStrike has a one year low of $140.52 and a one year high of $398.33. The stock has a fifty day moving average of $355.96 and a 200 day moving average of $326.03. 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 stock has a market cap of $61.85 billion, a PE ratio of 479.54, a price-to-earnings-growth ratio of 13.55 and a beta of 1.10.

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

Insider Activity

In related news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares in the company, valued at $7,136,012.97. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the sale, the director now directly owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,675 shares of company stock valued at $76,931,522. 4.34% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of CRWD. CVA Family Office LLC bought a new position in shares of CrowdStrike in the fourth quarter worth about $26,000. Hexagon Capital Partners LLC purchased a new stake in CrowdStrike in the 4th quarter valued at about $26,000. Bear Mountain Capital Inc. bought a new position in CrowdStrike in the 4th quarter worth about $27,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of CrowdStrike during the first quarter worth approximately $30,000. Finally, Family Firm Inc. bought a new stake in shares of CrowdStrike during the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

About CrowdStrike

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.