CrowdStrike (NASDAQ:CRWD) Given New $400.00 Price Target at Evercore ISI

CrowdStrike (NASDAQ:CRWD) had its price target raised by Evercore ISI from $325.00 to $400.00 in a report issued on Monday,Benzinga reports. They currently have an outperform rating on the stock.

CRWD has been the subject of several other research reports. Stifel Nicolaus increased their price objective on shares of CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird lowered their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Barclays boosted their price target on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. The Goldman Sachs Group reduced their price objective on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, Truist Financial lifted their target price on CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.80.

CrowdStrike Stock Performance

CRWD stock opened at $347.59 on Monday. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $398.33. The business’s 50-day moving average price is $314.88 and its two-hundred day moving average price is $313.01. The firm has a market cap of $85.20 billion, a PE ratio of 503.75, a P/E/G ratio of 26.33 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $0.06 EPS. As a group, research analysts forecast that CrowdStrike will post 0.49 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the transaction, the director now owns 821,766 shares in the company, valued at $263,277,391.08. The trade was a 0.75 % decrease in their position. 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 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several large investors have recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike during the second quarter worth $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the 3rd quarter worth $28,000. Tsfg LLC raised its holdings in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares in the last quarter. Family Firm Inc. bought a new stake in shares of CrowdStrike during the 2nd quarter worth $30,000. Finally, Castleview Partners LLC bought a new position in CrowdStrike in the third quarter valued at about $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.