CrowdStrike (NASDAQ:CRWD) Price Target Raised to $420.00 at Needham & Company LLC

CrowdStrike (NASDAQ:CRWD) had its price objective increased by Needham & Company LLC from $360.00 to $420.00 in a research report sent to investors on Wednesday morning, Marketbeat reports. Needham & Company LLC currently has a buy rating on the stock.

CRWD has been the subject of several other reports. Citigroup reduced their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Evercore ISI increased their price target on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday. Wedbush set a $330.00 price objective on CrowdStrike in a report on Thursday, October 17th. KeyCorp raised their target price on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Piper Sandler restated an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $355.80.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $347.59 on Wednesday. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $313.47 and its two-hundred day moving average price is $312.77. The stock has a market cap of $85.20 billion, a PE ratio of 503.75, a price-to-earnings-growth ratio of 26.33 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. As a group, sell-side analysts anticipate that CrowdStrike will post 0.49 EPS for the current fiscal year.

Insider Activity

In other CrowdStrike news, CFO Burt W. Podbere sold 11,178 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.47, for a total value of $3,325,119.66. Following the completion of the sale, the chief financial officer now directly owns 286,472 shares of the company’s stock, valued at $85,216,825.84. This represents a 3.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently added to or reduced their stakes in the company. Arlington Financial Advisors LLC grew its holdings in shares of CrowdStrike by 1.5% during the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after purchasing an additional 30 shares in the last quarter. Synergy Financial Group LTD lifted its position in CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after purchasing an additional 30 shares during the period. Sunpointe LLC boosted its stake in CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after buying an additional 34 shares in the last quarter. Hilltop Holdings Inc. increased its holdings in CrowdStrike by 1.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after buying an additional 34 shares during the period. Finally, Means Investment CO. Inc. raised its stake in shares of CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after buying an additional 35 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.