Truist Financial Trims CrowdStrike (NASDAQ:CRWD) Target Price to $325.00

CrowdStrike (NASDAQ:CRWD) had its price objective lowered by Truist Financial from $400.00 to $325.00 in a research note released on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

CRWD has been the topic of a number of other research reports. Wedbush decreased their price target on CrowdStrike from $390.00 to $385.00 and set an outperform rating on the stock in a research report on Wednesday, June 5th. Piper Sandler decreased their price target on CrowdStrike from $400.00 to $310.00 and set a neutral rating on the stock in a research report on Monday. BMO Capital Markets decreased their price target on CrowdStrike from $425.00 to $410.00 and set an outperform rating on the stock in a research report on Wednesday, June 5th. KeyCorp decreased their target price on CrowdStrike from $440.00 to $420.00 and set an overweight rating on the stock in a research report on Wednesday, July 17th. Finally, Rosenblatt Securities lifted their target price on CrowdStrike from $415.00 to $420.00 and gave the company a buy rating in a research report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CrowdStrike has an average rating of Moderate Buy and an average target price of $359.16.

CrowdStrike Stock Down 1.5 %

CRWD opened at $254.15 on Tuesday. CrowdStrike has a fifty-two week low of $140.52 and a fifty-two week high of $398.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market capitalization of $61.85 billion, a P/E ratio of 479.54, a P/E/G ratio of 13.55 and a beta of 1.10. The stock has a fifty day moving average of $355.96 and a 200-day moving average of $326.03.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The firm had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. On average, equities analysts expect that CrowdStrike will post 0.9 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the transaction, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the transaction, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Burt W. Podbere sold 15,753 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $305.15, for a total value of $4,807,027.95. Following the transaction, the chief financial officer now directly owns 313,994 shares in the company, valued at $95,815,269.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,675 shares of company stock valued at $76,931,522. 4.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors have recently bought and sold shares of CRWD. Norges Bank bought a new stake in CrowdStrike during the fourth quarter worth $683,336,000. Pathstone Holdings LLC bought a new position in CrowdStrike in the 4th quarter valued at $450,418,000. Jennison Associates LLC grew its stake in CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after purchasing an additional 1,581,796 shares during the period. Vanguard Group Inc. grew its stake in CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after purchasing an additional 1,028,405 shares during the period. Finally, International Assets Investment Management LLC grew its stake in CrowdStrike by 22,542.6% in the 4th quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock valued at $187,481,000 after purchasing an additional 731,057 shares during the period. 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.