CrowdStrike (NASDAQ:CRWD) Given New $375.00 Price Target at Stifel Nicolaus

CrowdStrike (NASDAQ:CRWD) had its price target raised by Stifel Nicolaus from $300.00 to $375.00 in a report released on Wednesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other brokerages have also issued reports on CRWD. Argus reduced their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Robert W. Baird dropped their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Citigroup dropped their price objective on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Finally, Wedbush set a $330.00 price objective on CrowdStrike in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $333.82.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $350.15 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $85.83 billion, a price-to-earnings ratio of 507.46, a PEG ratio of 22.77 and a beta of 1.10. CrowdStrike has a one year low of $200.81 and a one year high of $398.33. The company’s 50-day simple moving average is $303.76 and its 200-day simple moving average is $311.21.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. Equities analysts anticipate that CrowdStrike will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock worth $32,465,110 over the last ninety days. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

Several institutional investors and hedge funds have recently modified their holdings of CRWD. State Street Corp raised its stake in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. Jennison Associates LLC raised its position in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CrowdStrike by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after acquiring an additional 97,990 shares during the last quarter. Legal & General Group Plc increased its stake in CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after acquiring an additional 60,607 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in CrowdStrike by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $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.