CrowdStrike (NASDAQ:CRWD) PT Lowered to $350.00

CrowdStrike (NASDAQ:CRWD) had its price target trimmed by Rosenblatt Securities from $420.00 to $350.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently commented on CRWD. Morgan Stanley decreased their price objective on CrowdStrike from $422.00 to $396.00 and set an overweight rating on the stock in a report on Monday, July 22nd. BTIG Research cut CrowdStrike from a buy rating to a neutral rating in a report on Monday, July 22nd. Royal Bank of Canada reduced their price objective on shares of CrowdStrike from $420.00 to $380.00 and set an outperform rating on the stock in a report on Monday, July 22nd. Westpark Capital reaffirmed a hold rating on shares of CrowdStrike in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of CrowdStrike from $371.00 to $400.00 and gave the company an overweight rating in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of Moderate Buy and an average price target of $359.16.

CrowdStrike Trading Up 0.8 %

Shares of CrowdStrike stock opened at $256.16 on Wednesday. CrowdStrike has a 1-year low of $140.52 and a 1-year high of $398.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market cap of $62.34 billion, a P/E ratio of 483.33, a P/E/G ratio of 12.98 and a beta of 1.10. The stock’s 50 day simple moving average is $354.16 and its 200-day simple moving average is $326.36.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. Analysts predict that CrowdStrike will post 0.9 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the transaction, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the sale, the insider now directly owns 183,091 shares in the company, valued at approximately $67,985,350.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 219,675 shares of company stock valued at $76,931,522. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently added to or reduced their stakes in CRWD. Encompass More Asset Management acquired a new position in CrowdStrike during the 2nd quarter valued at about $262,000. Valley Brook Capital Group Inc. raised its stake in CrowdStrike by 19.3% during the 2nd quarter. Valley Brook Capital Group Inc. now owns 1,485 shares of the company’s stock valued at $569,000 after acquiring an additional 240 shares in the last quarter. Zimmermann Investment Management & Planning LLC boosted its position in CrowdStrike by 108.0% during the 2nd quarter. Zimmermann Investment Management & Planning LLC now owns 2,654 shares of the company’s stock worth $1,017,000 after acquiring an additional 1,378 shares during the period. Crown Wealth Group LLC grew its stake in shares of CrowdStrike by 15.4% in the second quarter. Crown Wealth Group LLC now owns 1,193 shares of the company’s stock worth $457,000 after purchasing an additional 159 shares in the last quarter. Finally, West Branch Capital LLC increased its holdings in shares of CrowdStrike by 4,166.7% during the second quarter. West Branch Capital LLC now owns 512 shares of the company’s stock valued at $196,000 after purchasing an additional 500 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

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.