CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

CrowdStrike (NASDAQ:CRWD) had its price target increased by equities researchers at Stifel Nicolaus from $300.00 to $375.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 4.88% from the company’s previous close.

A number of other analysts also recently weighed in on CRWD. Argus decreased their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Sanford C. Bernstein lowered their price target on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Evercore ISI dropped their target price on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. CICC Research started coverage on CrowdStrike in a research report on Monday. They issued a “market perform” rating and a $295.00 price target for the company. Finally, Truist Financial lifted their target price on shares of CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $334.33.

CrowdStrike Price Performance

CrowdStrike stock opened at $357.55 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The business has a 50 day simple moving average of $305.77 and a 200-day simple moving average of $311.53. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $398.33. The stock has a market capitalization of $87.65 billion, a PE ratio of 518.19, a price-to-earnings-growth ratio of 23.89 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter last year, the business earned $0.06 EPS. The business’s revenue was up 31.7% on a year-over-year basis. Equities analysts predict that CrowdStrike will post 0.52 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 4.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock valued at $32,465,110 over the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the business. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the second quarter worth approximately $25,000. Oakworth Capital Inc. acquired a new position in CrowdStrike during the 3rd quarter worth $28,000. Tsfg LLC increased its position in shares of CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. acquired a new position in shares of CrowdStrike during the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC bought a new stake in CrowdStrike during the third quarter worth approximately $32,000. 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.