CrowdStrike (NASDAQ:CRWD) Price Target Raised to $345.00 at Jefferies Financial Group

CrowdStrike (NASDAQ:CRWD) had its price objective upped by Jefferies Financial Group from $315.00 to $345.00 in a report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently issued reports on CRWD. BMO Capital Markets boosted their target price on shares of CrowdStrike from $290.00 to $315.00 and gave the company an outperform rating in a research report on Thursday, August 29th. HSBC raised CrowdStrike from a hold rating to a buy rating and boosted their price objective for the company from $302.00 to $339.00 in a report on Friday, August 30th. Argus dropped their target price on CrowdStrike from $400.00 to $325.00 and set a buy rating on the stock in a report on Friday, August 30th. Susquehanna reissued a positive rating and issued a $310.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. Finally, JMP Securities restated a market outperform rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $326.50.

CrowdStrike Trading Down 1.7 %

Shares of NASDAQ:CRWD opened at $281.48 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a 52-week low of $160.67 and a 52-week high of $398.33. The stock has a market cap of $69.00 billion, a price-to-earnings ratio of 531.10, a PEG ratio of 19.60 and a beta of 1.09. The business has a 50-day moving average price of $261.24 and a 200-day moving average price of $311.60.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. Equities analysts predict that CrowdStrike will post 0.53 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 10,776 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the sale, the president now owns 400,390 shares of the company’s stock, valued at $119,027,939.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, President Michael Sentonas sold 10,776 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the sale, the president now owns 400,390 shares in the company, valued at approximately $119,027,939.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,962 shares of company stock valued at $34,477,948. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently added to or reduced their stakes in the business. Burney Co. acquired a new position in shares of CrowdStrike in the first quarter worth $1,342,000. Principal Financial Group Inc. increased its holdings in CrowdStrike by 429.2% during the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after purchasing an additional 242,052 shares during the period. BNP Paribas purchased a new stake in CrowdStrike during the 1st quarter worth about $2,685,000. Swedbank AB acquired a new stake in CrowdStrike in the 1st quarter valued at about $73,972,000. Finally, Wellington Management Group LLP boosted its stake in shares of CrowdStrike by 5,452.5% in the 4th quarter. Wellington Management Group LLP now owns 144,532 shares of the company’s stock valued at $36,902,000 after buying an additional 141,929 shares during the period. 71.16% of the stock is 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.