CrowdStrike (NASDAQ:CRWD) PT Lowered to $265.00

CrowdStrike (NASDAQ:CRWD) had its price objective lowered by stock analysts at Scotiabank from $300.00 to $265.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 4.33% from the stock’s current price.

CRWD has been the subject of several other research reports. Redburn Atlantic cut shares of CrowdStrike from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. Wells Fargo & Company dropped their price target on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Wedbush reissued an “outperform” rating and set a $315.00 price target on shares of CrowdStrike in a research report on Friday, August 9th. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and dropped their price objective for the company from $388.00 to $302.00 in a report on Tuesday, July 23rd. Finally, BMO Capital Markets reduced their target price on CrowdStrike from $425.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $345.32.

CrowdStrike Stock Performance

CRWD stock traded up $5.88 during mid-day trading on Wednesday, hitting $253.99. 848,313 shares of the company were exchanged, compared to its average volume of 5,404,093. CrowdStrike has a 1-year low of $140.52 and a 1-year high of $398.33. The stock has a market capitalization of $61.81 billion, a PE ratio of 479.23, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The business has a 50 day simple moving average of $329.98 and a 200-day simple moving average of $322.11. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last released its quarterly 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). The firm had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. On average, equities analysts forecast that CrowdStrike will post 0.87 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In related news, CFO Burt W. Podbere sold 5,424 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $349.01, for a total transaction of $1,893,030.24. Following the sale, the chief financial officer now directly owns 308,593 shares in the company, valued at approximately $107,702,042.93. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated 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 sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 5,424 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $349.01, for a total value of $1,893,030.24. Following the sale, the chief financial officer now owns 308,593 shares of the company’s stock, valued at $107,702,042.93. The disclosure for this sale can be found here. Insiders have sold a total of 131,643 shares of company stock worth $49,709,324 over the last ninety days. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Family Firm Inc. bought a new position in shares of CrowdStrike in the 2nd quarter worth approximately $30,000. Itau Unibanco Holding S.A. bought a new position in shares of CrowdStrike in the 2nd quarter worth approximately $33,000. Unique Wealth Strategies LLC bought a new position in shares of CrowdStrike in the 2nd quarter worth approximately $36,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike in the 1st quarter worth approximately $30,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $38,000. 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.