CrowdStrike (NASDAQ:CRWD) Price Target Increased to $440.00 by Analysts at KeyCorp

CrowdStrike (NASDAQ:CRWD) had its price target lifted by analysts at KeyCorp from $380.00 to $440.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 12.20% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. DA Davidson reduced their price target on shares of CrowdStrike from $425.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. BMO Capital Markets reduced their price target on shares of CrowdStrike from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Morgan Stanley boosted their price target on shares of CrowdStrike from $372.00 to $422.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Friday, June 21st. Finally, Barclays upped their target price on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Two analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $382.35.

CrowdStrike Stock Performance

CRWD opened at $392.15 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $95.43 billion, a PE ratio of 739.92, a PEG ratio of 19.31 and a beta of 1.10. The firm’s 50-day moving average price is $341.55 and its 200 day moving average price is $314.36. CrowdStrike has a twelve month low of $139.37 and a twelve month high of $394.64.

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

Insider Transactions at CrowdStrike

In other news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were 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 owns 18,297 shares in the company, valued at approximately $7,136,012.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $316.82, for a total transaction of $4,752,300.00. Following the completion of the transaction, the director now owns 839,234 shares of the company’s stock, valued at approximately $265,886,115.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,675 shares of company stock worth $75,730,552. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently added to or reduced their stakes in the business. CHURCHILL MANAGEMENT Corp purchased a new position in CrowdStrike during the 4th quarter valued at about $1,228,000. Financial Counselors Inc. boosted its stake in shares of 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 purchasing an additional 50 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in shares of CrowdStrike by 17.1% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after purchasing an additional 23,265 shares during the last quarter. Highland Capital Management LLC boosted its stake 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 purchasing an additional 181 shares during the last quarter. Finally, Sara Bay Financial acquired a new stake in shares of CrowdStrike during the 4th quarter worth about $255,000. 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.