CrowdStrike (NASDAQ:CRWD) Price Target Raised to $395.00 at KeyCorp

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by KeyCorp from $345.00 to $395.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts also recently commented on the stock. Evercore ISI dropped their target price on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. TD Cowen decreased their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. BNP Paribas began coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. Citigroup decreased their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada dropped their target price on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.08.

CrowdStrike Trading Down 2.3 %

NASDAQ:CRWD opened at $363.68 on Friday. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $398.33. The business has a fifty day moving average of $309.95 and a 200-day moving average of $312.22. 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 stock has a market cap of $89.15 billion, a price-to-earnings ratio of 527.07, a PEG ratio of 26.95 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the firm earned $0.06 EPS. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. Equities analysts predict that CrowdStrike will post 0.49 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. The trade was a 2.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 in the last ninety days. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike in the second quarter worth about $25,000. Oakworth Capital Inc. bought a new position in CrowdStrike during the 3rd quarter worth approximately $28,000. Tsfg LLC grew its holdings in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the period. Family Firm Inc. bought a new stake in CrowdStrike in the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC bought a new stake in CrowdStrike in the third quarter valued at approximately $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.