CrowdStrike (NASDAQ:CRWD) Price Target Raised to $370.00

CrowdStrike (NASDAQ:CRWD) had its target price increased by Cantor Fitzgerald from $350.00 to $370.00 in a research note published on Thursday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the company. KeyCorp raised their target price on CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. JMP Securities reiterated a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a report on Monday, November 4th. JPMorgan Chase & Co. decreased their price objective on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Finally, BMO Capital Markets boosted their price objective on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $335.62.

CrowdStrike Stock Up 4.1 %

Shares of NASDAQ:CRWD opened at $372.26 on Thursday. The stock’s 50-day moving average price is $308.04 and its 200-day moving average price is $311.89. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $398.33. The stock has a market capitalization of $91.25 billion, a P/E ratio of 539.51, a price-to-earnings-growth ratio of 25.88 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same period last year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, equities analysts anticipate that CrowdStrike will post 0.49 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’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 sale, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock worth $32,465,110 in the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Several hedge funds have recently made changes to their positions in the business. Beacon Financial Advisory LLC purchased a new stake in CrowdStrike in the 3rd quarter worth about $955,000. Sumitomo Mitsui Trust Group Inc. raised its position in CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares during the period. Burney Co. purchased a new stake in CrowdStrike in the 1st quarter worth about $1,342,000. Doliver Advisors LP raised its position in CrowdStrike by 223.2% in the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,664 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after purchasing an additional 2,863 shares during the period. 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.