CrowdStrike (NASDAQ:CRWD) Price Target Raised to $505.00

CrowdStrike (NASDAQ:CRWD) had its price target increased by Piper Sandler from $400.00 to $505.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued research reports about the company. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Stifel Nicolaus boosted their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a “buy” rating in a research note on Wednesday. DZ Bank cut shares of CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 price target on the stock. in a research report on Thursday, May 22nd. Truist Financial restated a “buy” rating and issued a $500.00 price objective (up previously from $450.00) on shares of CrowdStrike in a report on Wednesday. Finally, Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $450.43.

CrowdStrike Price Performance

Shares of CRWD stock opened at $468.41 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market capitalization of $116.11 billion, a PE ratio of 918.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The firm’s 50-day moving average is $415.18 and its two-hundred day moving average is $388.02. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $491.20.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the company earned $0.93 EPS. Analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the transaction, the chief executive officer now directly owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the sale, the insider now owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. The trade was a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 211,681 shares of company stock worth $87,081,236 over the last three months. 3.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently modified their holdings of CRWD. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike in the first quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in CrowdStrike in the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 58 shares during the last quarter. Finally, FPC Investment Advisory Inc. grew its holdings in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds 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.