Rosenblatt Securities Trims CrowdStrike (NASDAQ:CRWD) Target Price to $330.00

CrowdStrike (NASDAQ:CRWD) had its price target reduced by Rosenblatt Securities from $350.00 to $330.00 in a research note released on Monday, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently commented on CRWD. Guggenheim cut shares of CrowdStrike from a buy rating to a neutral rating in a research note on Monday, July 22nd. Hsbc Global Res cut CrowdStrike from a strong-buy rating to a hold rating in a research report on Tuesday, July 23rd. Sanford C. Bernstein reduced their price target on CrowdStrike from $381.00 to $315.00 and set an outperform rating for the company in a report on Monday, August 19th. Canaccord Genuity Group reissued a buy rating and issued a $405.00 price objective on shares of CrowdStrike in a report on Monday, July 22nd. Finally, Robert W. Baird reduced their target price on CrowdStrike from $350.00 to $335.00 and set an outperform rating for the company in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of Moderate Buy and a consensus target price of $322.51.

CrowdStrike Trading Up 2.8 %

Shares of NASDAQ:CRWD opened at $271.67 on Monday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike has a 52-week low of $145.38 and a 52-week high of $398.33. The stock has a market cap of $66.11 billion, a price-to-earnings ratio of 512.58, a PEG ratio of 11.79 and a beta of 1.10. The business has a 50-day moving average price of $306.15 and a 200-day moving average price of $318.83.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. Equities analysts predict that CrowdStrike will post 0.87 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the sale, the insider now owns 200,672 shares in the company, valued at approximately $76,843,328.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,662 shares of the 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 in the company, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,219 shares of company stock worth $48,856,294. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the business. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike during the 2nd quarter worth approximately $25,000. Hexagon Capital Partners LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth $26,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at $30,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike in the second quarter valued at $30,000. Finally, Johnson Financial Group Inc. purchased a new position in CrowdStrike in the fourth quarter valued at $31,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.