CrowdStrike (NASDAQ:CRWD) PT Lowered to $335.00 at Robert W. Baird

CrowdStrike (NASDAQ:CRWD) had its price objective trimmed by Robert W. Baird from $350.00 to $335.00 in a research report report published on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

CRWD has been the subject of several other research reports. Morgan Stanley dropped their price objective on shares of CrowdStrike from $422.00 to $396.00 and set an overweight rating for the company in a report on Monday, July 22nd. BTIG Research lowered shares of CrowdStrike from a buy rating to a neutral rating in a report on Monday, July 22nd. Mizuho lowered their price target on shares of CrowdStrike from $390.00 to $370.00 and set a buy rating for the company in a report on Wednesday, June 5th. Redburn Atlantic lowered shares of CrowdStrike from a neutral rating to a sell rating and lowered their price target for the company from $380.00 to $275.00 in a report on Thursday, July 18th. Finally, Royal Bank of Canada lowered their price target on shares of CrowdStrike from $420.00 to $380.00 and set an outperform rating for the company in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has a consensus rating of Moderate Buy and an average price target of $359.16.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $256.16 on Tuesday. The firm has a market cap of $62.34 billion, a price-to-earnings ratio of 483.33, a PEG ratio of 13.10 and a beta of 1.10. The company has a 50 day moving average of $354.16 and a 200-day moving average of $326.00. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike has a 1-year low of $140.52 and a 1-year high of $398.33.

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

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction dated 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 owns 1,146,048 shares in the company, valued at $348,868,471.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,675 shares of company stock worth $76,931,522. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRWD. Norges Bank bought a new stake in shares of CrowdStrike during the 4th quarter worth about $683,336,000. Pathstone Holdings LLC bought a new stake in CrowdStrike in the 4th quarter valued at about $450,418,000. Jennison Associates LLC boosted its holdings 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. boosted its holdings 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 boosted its holdings 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. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.