CrowdStrike (NASDAQ:CRWD – Free Report) had its target price upped by Cantor Fitzgerald from $350.00 to $370.00 in a report released on Thursday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.
A number of other research firms have also recently commented on CRWD. KeyCorp increased their target price on shares of CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. BMO Capital Markets increased their target price on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Canaccord Genuity Group reissued a “buy” rating and set a $330.00 target price on shares of CrowdStrike in a research report on Monday, September 30th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Needham & Company LLC started coverage on shares of CrowdStrike in a report on Monday, September 23rd. They issued a “buy” rating and a $360.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $335.62.
Read Our Latest Research Report on CrowdStrike
CrowdStrike Price Performance
CrowdStrike (NASDAQ:CRWD – Get Free Report) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company posted $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. Sell-side analysts forecast that CrowdStrike will post 0.49 EPS for the current fiscal year.
Insider Activity at CrowdStrike
In related news, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. This represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is owned by company insiders.
Hedge Funds Weigh In On CrowdStrike
Hedge funds and other institutional investors have recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike in the 2nd quarter valued at $25,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike in the third quarter valued at about $28,000. Tsfg LLC lifted its stake in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares in the last quarter. Family Firm Inc. acquired a new position in CrowdStrike during the second quarter worth about $30,000. Finally, Castleview Partners LLC purchased a new stake in CrowdStrike during the 3rd quarter valued at about $32,000. Hedge funds and other 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.
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