CrowdStrike (NASDAQ:CRWD) Price Target Cut to $300.00 by Analysts at Citigroup

CrowdStrike (NASDAQ:CRWD) had its price target lowered by Citigroup from $345.00 to $300.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently commented on CRWD. Wedbush reiterated an outperform rating and set a $315.00 target price on shares of CrowdStrike in a research note on Friday, August 9th. Mizuho reduced their price objective 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. JMP Securities restated a market outperform rating and set a $400.00 target price on shares of CrowdStrike in a report on Tuesday, May 14th. HSBC downgraded shares of CrowdStrike from a buy rating to a hold rating and lowered their price objective for the company from $388.00 to $302.00 in a report on Tuesday, July 23rd. Finally, Redburn Atlantic cut shares of CrowdStrike from a neutral rating to a sell rating and reduced their price objective for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has an average rating of Moderate Buy and an average target price of $338.08.

CrowdStrike Price Performance

CRWD opened at $262.54 on Wednesday. The company has a fifty day simple moving average of $324.93 and a 200 day simple moving average of $321.10. The firm has a market cap of $63.89 billion, a price-to-earnings ratio of 495.36, a PEG ratio of 11.79 and a beta of 1.10. CrowdStrike has a twelve month low of $140.52 and a twelve month high of $398.33. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. Equities research analysts expect that CrowdStrike will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Burt W. Podbere sold 5,424 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $349.01, for a total transaction of $1,893,030.24. Following the transaction, the chief financial officer now owns 308,593 shares in the company, valued at approximately $107,702,042.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other CrowdStrike news, CFO Burt W. Podbere sold 5,424 shares of CrowdStrike stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $349.01, for a total value of $1,893,030.24. Following the completion of the transaction, the chief financial officer now directly owns 308,593 shares of the company’s stock, valued at approximately $107,702,042.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,643 shares of company stock worth $50,749,324. 4.34% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

Large investors have recently bought and sold shares of the company. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the second quarter worth about $25,000. Hexagon Capital Partners LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $26,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at about $30,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike in the second quarter valued at about $30,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $31,000. Institutional investors and hedge funds 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.