CrowdStrike (NASDAQ:CRWD) Price Target Raised to $520.00

CrowdStrike (NASDAQ:CRWD) had its price target boosted by Oppenheimer from $410.00 to $520.00 in a research report released on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on CRWD. Stifel Nicolaus set a $480.00 price target on shares of CrowdStrike and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Wells Fargo & Company lifted their price objective on CrowdStrike from $430.00 to $550.00 and gave the company an “overweight” rating in a report on Monday, June 2nd. Canaccord Genuity Group reissued a “hold” rating and set a $475.00 target price (up from $420.00) on shares of CrowdStrike in a research note on Wednesday. KeyCorp reduced their price target on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $450.43.

CrowdStrike Trading Up 1.2%

NASDAQ:CRWD opened at $468.41 on Wednesday. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $491.20. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock’s 50 day simple moving average is $415.18 and its 200-day simple moving average is $388.02. The firm has a market cap of $116.11 billion, a P/E ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.22.

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

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. The trade was a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now owns 768,092 shares of the company’s stock, valued at $248,984,702.72. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 211,681 shares of company stock valued at $87,081,236. 3.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently modified their holdings of the business. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike in the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC lifted its position in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after acquiring an additional 40 shares in the last quarter. Vision Financial Markets LLC acquired a new position in CrowdStrike in the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. increased 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 worth $27,000 after purchasing an additional 58 shares in the last quarter. Finally, FPC Investment Advisory Inc. increased its holdings in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. 71.16% of the stock is currently 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.