Robert W. Baird Lowers CrowdStrike (NASDAQ:CRWD) Price Target to $315.00

CrowdStrike (NASDAQ:CRWD) had its price objective reduced by Robert W. Baird from $335.00 to $315.00 in a research note released on Thursday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on the stock. UBS Group reduced their price target on shares of CrowdStrike from $330.00 to $310.00 and set a buy rating on the stock in a research report on Thursday. Royal Bank of Canada decreased their price target on shares of CrowdStrike from $420.00 to $380.00 and set an outperform rating for the company in a research report on Monday, July 22nd. Westpark Capital restated a hold rating on shares of CrowdStrike in a research note on Tuesday, July 23rd. JMP Securities reiterated a market outperform rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Tuesday, May 14th. Finally, DA Davidson lowered their target price on CrowdStrike from $380.00 to $290.00 and set a buy rating for the company in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $322.51.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $271.67 on Thursday. CrowdStrike has a one year low of $145.38 and a one year high of $398.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The firm’s 50 day moving average price is $306.15 and its 200-day moving average price is $318.83. The firm has a market cap of $66.11 billion, a P/E ratio of 512.58, a P/E/G ratio of 11.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the business posted $0.06 earnings per share. As a group, equities research analysts predict that CrowdStrike will post 0.87 EPS for the current year.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the completion of the transaction, the insider now directly owns 200,672 shares of the company’s stock, valued at $76,843,328.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the completion of the sale, the insider now directly owns 200,672 shares of the company’s stock, valued at approximately $76,843,328.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $376.45, for a total value of $20,925,726.15. Following the transaction, the chief executive officer now directly owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,219 shares of company stock worth $48,856,294. 4.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently modified their holdings of the business. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the second quarter worth about $25,000. Hexagon Capital Partners LLC bought a new stake in CrowdStrike in the fourth quarter valued at approximately $26,000. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike in the first quarter worth $30,000. Family Firm Inc. bought a new position in shares of CrowdStrike during the second quarter worth $30,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at $31,000. 71.16% of the stock is owned by 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.