Jefferies Financial Group Raises CrowdStrike (NASDAQ:CRWD) Price Target to $520.00

CrowdStrike (NASDAQ:CRWD) had its price target hoisted by Jefferies Financial Group from $410.00 to $520.00 in a research report released on Wednesday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Rosenblatt Securities increased their price target on CrowdStrike from $450.00 to $515.00 and gave the company a “buy” rating in a research report on Monday, June 2nd. DA Davidson increased their price objective on CrowdStrike from $415.00 to $530.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer raised their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the company an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group restated a “hold” rating and set a $475.00 target price (up from $420.00) on shares of CrowdStrike in a report on Wednesday. Finally, Robert W. Baird dropped their price target on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $450.43.

CrowdStrike Stock Performance

Shares of CRWD opened at $468.41 on Wednesday. The stock has a market capitalization of $116.11 billion, a price-to-earnings ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.22. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $491.20. The firm has a fifty day simple moving average of $415.18 and a 200 day simple moving average of $388.02. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, April 4th. The shares were 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 directly owns 768,092 shares in the company, valued at approximately $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. This represents a 4.78% decrease in their position. 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 in the last quarter. Corporate insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

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