CrowdStrike (NASDAQ:CRWD) PT Raised to $345.00 at KeyCorp

CrowdStrike (NASDAQ:CRWD) had its price target upped by equities research analysts at KeyCorp from $300.00 to $345.00 in a report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 19.57% from the stock’s current price.

A number of other research firms have also weighed in on CRWD. Royal Bank of Canada cut their price objective on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Jefferies Financial Group decreased their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Piper Sandler reissued an “overweight” rating and issued a $290.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. Sanford C. Bernstein reduced their target price on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Finally, Stifel Nicolaus reduced their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $326.50.

CrowdStrike Trading Down 1.6 %

NASDAQ:CRWD opened at $288.54 on Monday. CrowdStrike has a 52 week low of $157.59 and a 52 week high of $398.33. The firm has a 50 day moving average of $262.61 and a 200 day moving average of $311.78. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $70.22 billion, a price-to-earnings ratio of 544.42, a PEG ratio of 16.14 and a beta of 1.09.

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 business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. As a group, sell-side analysts anticipate that CrowdStrike will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the sale, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the sale, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now directly owns 18,297 shares in the company, valued at $7,136,012.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,500 shares of company stock worth $13,301,815. 4.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently made changes to their positions in CRWD. Arlington Financial Advisors LLC grew its stake in CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after acquiring an additional 30 shares during the last quarter. Saturna Capital Corp grew its position in CrowdStrike by 2.7% in the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after acquiring an additional 33 shares in the last quarter. Means Investment CO. Inc. grew its position in CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after acquiring an additional 35 shares in the last quarter. Shepherd Financial Partners LLC grew its position in CrowdStrike by 1.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after acquiring an additional 36 shares in the last quarter. Finally, Albion Financial Group UT grew its position in CrowdStrike by 3.7% in the first quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after acquiring an additional 39 shares in the last quarter. 71.16% of the stock is 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.