Susquehanna Cuts CrowdStrike (NASDAQ:CRWD) Price Target to $310.00

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

Several other analysts have also issued reports on the stock. Redburn Atlantic lowered shares of CrowdStrike from a neutral rating to a sell rating and reduced their price objective for the company from $380.00 to $275.00 in a report on Thursday, July 18th. JMP Securities restated a market outperform rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Tuesday, May 14th. Westpark Capital reaffirmed a hold rating on shares of CrowdStrike in a research report on Thursday, August 29th. Wedbush reissued an outperform rating and issued a $315.00 target price on shares of CrowdStrike in a research report on Friday, August 9th. Finally, Jefferies Financial Group lowered their price target on CrowdStrike from $400.00 to $300.00 and set a buy rating for the company in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $327.16.

CrowdStrike Trading Down 3.9 %

Shares of CRWD opened at $246.39 on Thursday. CrowdStrike has a 12-month low of $157.59 and a 12-month high of $398.33. The firm has a market capitalization of $59.96 billion, a P/E ratio of 464.89, a P/E/G ratio of 13.44 and a beta of 1.09. The firm has a 50-day moving average price of $289.69 and a 200 day moving average price of $315.77. The company has a current ratio of 1.90, a quick ratio of 1.80 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 analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. Sell-side analysts forecast that CrowdStrike will post 0.81 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares in the company, valued at approximately $156,502,114.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $4,086,063.05. Following the sale, the president now owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 200,672 shares of the company’s stock, valued at $76,843,328.96. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock worth $48,856,294 in the last three months. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike in the 2nd quarter valued at about $25,000. Family Firm Inc. acquired a new position in CrowdStrike during the second quarter worth about $30,000. Itau Unibanco Holding S.A. purchased a new position in CrowdStrike in the second quarter valued at about $33,000. Unique Wealth Strategies LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter valued at approximately $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds 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.