CrowdStrike (NASDAQ:CRWD) Price Target Raised to $345.00 at KeyCorp

CrowdStrike (NASDAQ:CRWD) had its target price upped by KeyCorp from $300.00 to $345.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 15.06% from the company’s previous close.

Several other research firms have also weighed in on CRWD. Scotiabank reduced their target price on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Jefferies Financial Group reduced their price target on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Stifel Nicolaus dropped their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Thursday. Finally, Piper Sandler reiterated an “overweight” rating and set a $290.00 target price on shares of CrowdStrike in a report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.05.

CrowdStrike Stock Performance

CRWD stock opened at $299.85 on Monday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a twelve month low of $157.59 and a twelve month high of $398.33. The business’s fifty day moving average is $265.90 and its 200-day moving average is $312.27. The company has a market cap of $72.97 billion, a P/E ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. Equities research analysts forecast that CrowdStrike will post 0.56 EPS for the current year.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the sale, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the sale, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the sale, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. The disclosure for this sale can be found here. Insiders sold 37,500 shares of company stock worth $13,301,815 in the last quarter. 4.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently made changes to their positions in the stock. TrinityPoint Wealth LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $277,000. Corient Private Wealth LLC grew its holdings in CrowdStrike by 9.0% during the 4th quarter. Corient Private Wealth LLC now owns 22,849 shares of the company’s stock worth $5,834,000 after acquiring an additional 1,890 shares during the period. Assetmark Inc. raised its position in shares of CrowdStrike by 8.4% in the 4th quarter. Assetmark Inc. now owns 4,777 shares of the company’s stock worth $1,220,000 after acquiring an additional 369 shares in the last quarter. SageView Advisory Group LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $349,000. Finally, Congress Wealth Management LLC DE boosted its position in shares of CrowdStrike by 23.7% during the 4th quarter. Congress Wealth Management LLC DE now owns 3,784 shares of the company’s stock valued at $966,000 after purchasing an additional 724 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

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.