CrowdStrike (NASDAQ:CRWD) Price Target Cut to $300.00

CrowdStrike (NASDAQ:CRWD) had its price objective decreased by Stifel Nicolaus from $400.00 to $300.00 in a research report sent to investors on Friday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other analysts also recently weighed in on the company. Needham & Company LLC lowered their target price on CrowdStrike from $425.00 to $375.00 and set a buy rating for the company in a research note on Tuesday, July 30th. Cantor Fitzgerald restated an overweight rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Friday, June 21st. Rosenblatt Securities cut their target price on CrowdStrike from $420.00 to $350.00 and set a buy rating on the stock in a research report on Wednesday, July 24th. Wedbush reissued an outperform rating and set a $315.00 price target on shares of CrowdStrike in a research report on Friday, August 2nd. Finally, KeyCorp cut their price target on shares of CrowdStrike from $440.00 to $420.00 and set an overweight rating on the stock in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has a consensus rating of Moderate Buy and a consensus target price of $348.61.

CrowdStrike Price Performance

CRWD stock opened at $239.34 on Friday. The stock has a 50-day simple moving average of $331.13 and a 200-day simple moving average of $322.41. The firm has a market cap of $58.25 billion, a P/E ratio of 451.58, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. CrowdStrike has a 1 year low of $140.52 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The firm had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. On average, equities analysts predict that CrowdStrike will post 0.87 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the transaction, the chief executive officer now owns 1,127,843 shares of the company’s stock, valued at $424,576,497.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at $424,576,497.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the transaction, the insider now directly owns 183,091 shares in the company, valued at approximately $67,985,350.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,643 shares of company stock valued at $51,043,404. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds have recently bought and sold shares of CRWD. Strategic Blueprint LLC boosted its stake in CrowdStrike by 5.5% in the 4th quarter. Strategic Blueprint LLC now owns 2,110 shares of the company’s stock worth $539,000 after purchasing an additional 110 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in CrowdStrike during the fourth quarter valued at $58,000. Sequoia Financial Advisors LLC lifted its stake in CrowdStrike by 1.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,650 shares of the company’s stock worth $1,187,000 after acquiring an additional 70 shares in the last quarter. Financial Counselors Inc. boosted its position in CrowdStrike by 3.9% during the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after acquiring an additional 50 shares during the period. Finally, Cerity Partners LLC grew its stake in CrowdStrike by 42.3% during the 4th quarter. Cerity Partners LLC now owns 132,005 shares of the company’s stock valued at $33,704,000 after acquiring an additional 39,252 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.