Jefferies Financial Group Raises CrowdStrike (NASDAQ:CRWD) Price Target to $345.00

CrowdStrike (NASDAQ:CRWD) had its target price upped by Jefferies Financial Group from $315.00 to $345.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 19.73% from the company’s previous close.

CRWD has been the topic of a number of other research reports. Susquehanna reissued a “positive” rating and issued a $310.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. UBS Group decreased their price objective on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Sanford C. Bernstein dropped their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. The Goldman Sachs Group reduced their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, Mizuho lowered their price target on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. One 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $326.50.

CrowdStrike Stock Down 1.7 %

CRWD stock traded down $4.99 during mid-day trading on Tuesday, hitting $288.15. 1,674,663 shares of the company were exchanged, compared to its average volume of 5,356,054. The firm has a market cap of $70.12 billion, a P/E ratio of 543.23, a P/E/G ratio of 16.14 and a beta of 1.09. CrowdStrike has a 1-year low of $157.59 and a 1-year high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The firm’s 50 day simple moving average is $264.22 and its 200 day simple moving average is $312.02.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. On average, sell-side analysts predict that CrowdStrike will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the sale, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Insiders sold a total of 37,500 shares of company stock worth $13,301,815 in the last quarter. 4.34% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike in the second quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in CrowdStrike during the 1st quarter valued at about $30,000. Family Firm Inc. bought a new position in CrowdStrike during the 2nd quarter valued at approximately $30,000. Johnson Financial Group Inc. purchased a new stake in CrowdStrike in the 4th quarter worth approximately $31,000. Finally, Northwest Bank & Trust Co bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $32,000. 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.