Barclays Increases CrowdStrike (NASDAQ:CRWD) Price Target to $372.00

CrowdStrike (NASDAQ:CRWD) had its price objective upped by equities researchers at Barclays from $295.00 to $372.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 5.30% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Wells Fargo & Company cut their price target on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. BNP Paribas began coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price objective on the stock. Citigroup dropped their price target on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Guggenheim cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $331.90.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $353.29 on Monday. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The stock has a market cap of $86.60 billion, a price-to-earnings ratio of 512.01, a PEG ratio of 22.77 and a beta of 1.10. 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 $301.83 and its 200 day simple moving average is $310.94.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. As a group, research analysts anticipate that CrowdStrike will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock valued at $32,465,110 in the last three months. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently modified their holdings of CRWD. Quent Capital LLC raised its stake in shares of CrowdStrike by 59.9% during the 1st quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after acquiring an additional 88 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of CrowdStrike during the 1st quarter worth approximately $273,000. Edgestream Partners L.P. bought a new position in shares of CrowdStrike during the 1st quarter worth approximately $839,000. O Shaughnessy Asset Management LLC raised its stake in shares of CrowdStrike by 46.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,022 shares of the company’s stock worth $4,175,000 after acquiring an additional 4,110 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its stake in shares of CrowdStrike by 88.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 3,200 shares of the company’s stock worth $1,026,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other 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.