CrowdStrike (NASDAQ:CRWD) Price Target Cut to $310.00 by Analysts at Susquehanna

CrowdStrike (NASDAQ:CRWD) had its price objective reduced by Susquehanna from $410.00 to $310.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a positive rating on the stock.

A number of other equities research analysts have also weighed in on the stock. DA Davidson upped their target price on shares of CrowdStrike from $290.00 to $310.00 and gave the stock a buy rating in a report on Thursday, August 29th. Oppenheimer dropped their target price on CrowdStrike from $450.00 to $365.00 and set an outperform rating on the stock in a report on Thursday, August 29th. The Goldman Sachs Group cut their target price on CrowdStrike from $400.00 to $295.00 and set a buy rating on the stock in a research report on Thursday, August 15th. Wedbush reissued an outperform rating and issued a $315.00 price target on shares of CrowdStrike in a research report on Friday, August 9th. Finally, Morgan Stanley cut their price objective on shares of CrowdStrike from $360.00 to $325.00 and set an overweight rating on the stock in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $327.16.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $256.43 on Thursday. The company has a market cap of $62.41 billion, a price-to-earnings ratio of 483.83, a price-to-earnings-growth ratio of 13.44 and a beta of 1.09. CrowdStrike has a 52 week low of $157.59 and a 52 week high of $398.33. The firm has a 50 day moving average of $292.42 and a 200-day moving average of $316.40. The company has a quick ratio of 1.80, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, equities analysts forecast that CrowdStrike will post 0.81 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO George Kurtz sold 55,587 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $376.45, for a total value of $20,925,726.15. Following the completion of the sale, the chief executive officer now owns 1,127,843 shares of the company’s stock, valued at approximately $424,576,497.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. 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. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike in the 2nd quarter worth approximately $25,000. Family Firm Inc. bought a new stake in CrowdStrike in the second quarter valued at $30,000. Itau Unibanco Holding S.A. bought a new position in CrowdStrike in the 2nd quarter worth $33,000. Unique Wealth Strategies LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter worth about $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike during the 1st quarter valued at about $30,000. 71.16% of the stock is owned by institutional investors.

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.