Barclays Increases CrowdStrike (NASDAQ:CRWD) Price Target to $372.00

CrowdStrike (NASDAQ:CRWD) had its price objective upped by Barclays from $295.00 to $372.00 in a research report report published on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities research analysts have also recently weighed in on CRWD. Hsbc Global Res raised shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. reduced their price target on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $290.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. Stifel Nicolaus reduced their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Raymond James reduced their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.82.

CrowdStrike Stock Down 0.9 %

CRWD stock opened at $350.15 on Monday. The firm has a market cap of $85.83 billion, a PE ratio of 507.46, a PEG ratio of 22.77 and a beta of 1.10. 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’s 50 day moving average price is $303.76 and its 200-day moving average price is $311.21. CrowdStrike has a one year low of $200.81 and a one year high of $398.33.

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

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 over the last ninety days. 4.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the business. Beacon Financial Advisory LLC acquired a new stake in CrowdStrike during the 3rd quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after acquiring an additional 78,305 shares in the last quarter. Burney Co. acquired a new position in CrowdStrike during the 1st quarter worth $1,342,000. Doliver Advisors LP grew its holdings in CrowdStrike by 223.2% during the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after acquiring an additional 4,664 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after acquiring an additional 2,863 shares in the last quarter. 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.