Rosenblatt Securities Increases CrowdStrike (NASDAQ:CRWD) Price Target to $385.00

CrowdStrike (NASDAQ:CRWD) had its target price boosted by Rosenblatt Securities from $325.00 to $385.00 in a research report released on Monday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. KeyCorp raised their target price on shares of CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Robert W. Baird lowered their price target on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Susquehanna reissued a “positive” rating and set a $310.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Monday. Finally, DA Davidson reissued a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, eight 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $355.80.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $347.59 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $85.20 billion, a price-to-earnings ratio of 503.75, a P/E/G ratio of 26.33 and a beta of 1.10. The firm has a fifty day moving average price of $313.47 and a 200 day moving average price of $312.77. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. As a group, sell-side analysts expect that CrowdStrike will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Sentonas sold 10,776 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 transaction of $3,203,489.28. Following the transaction, the president now owns 400,390 shares of the company’s stock, valued at $119,027,939.20. This represents a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock worth $32,465,110 in the last 90 days. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of hedge funds have recently modified their holdings of the stock. Quent Capital LLC grew its position in CrowdStrike by 59.9% during the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after buying an additional 88 shares during the period. Silvercrest Asset Management Group LLC purchased a new position in CrowdStrike during the first quarter worth approximately $218,000. Ancora Advisors LLC increased its position in shares of CrowdStrike by 33.7% in the first quarter. Ancora Advisors LLC now owns 4,266 shares of the company’s stock valued at $1,368,000 after buying an additional 1,075 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of CrowdStrike by 7.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 16,641 shares of the company’s stock valued at $5,335,000 after buying an additional 1,163 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in CrowdStrike by 1.0% in the 1st quarter. California State Teachers Retirement System now owns 351,470 shares of the company’s stock worth $112,678,000 after acquiring an additional 3,351 shares in the last quarter. 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.