CrowdStrike (NASDAQ:CRWD) PT Lowered to $330.00 at Rosenblatt Securities

CrowdStrike (NASDAQ:CRWD) had its price target cut by analysts at Rosenblatt Securities from $350.00 to $330.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ price objective indicates a potential upside of 22.94% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Mizuho lowered their target price on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Needham & Company LLC decreased their price target on CrowdStrike from $425.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Evercore ISI decreased their price target on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Finally, HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and decreased their price target for the company from $388.00 to $302.00 in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $337.05.

CrowdStrike Stock Performance

CRWD traded down $3.11 during trading on Monday, hitting $268.43. 1,761,363 shares of the stock were exchanged, compared to its average volume of 5,373,959. The firm has a market capitalization of $65.33 billion, a P/E ratio of 509.45, a PEG ratio of 11.79 and a beta of 1.10. CrowdStrike has a 1-year low of $141.97 and a 1-year high of $398.33. The stock has a fifty day moving average price of $313.54 and a two-hundred day moving average price of $320.04. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 EPS 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%. As a group, sell-side analysts predict that CrowdStrike will post 0.87 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the sale, the insider now owns 200,672 shares of the company’s stock, valued at $76,843,328.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the sale, the director now owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the completion of the sale, the insider now directly owns 200,672 shares of the company’s stock, valued at approximately $76,843,328.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,219 shares of company stock valued at $48,856,294. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after purchasing an additional 315,280 shares during the last quarter. Norges Bank acquired a new stake in CrowdStrike during the fourth quarter valued at approximately $683,336,000. First Trust Advisors LP raised its stake in CrowdStrike by 19.3% during the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after buying an additional 358,945 shares in the last quarter. Legal & General Group Plc raised its stake in CrowdStrike by 3.0% during the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after buying an additional 60,607 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after buying an additional 77,100 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.