CrowdStrike (NASDAQ:CRWD) Given New $395.00 Price Target at KeyCorp

CrowdStrike (NASDAQ:CRWD) had its price objective increased by KeyCorp from $345.00 to $395.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 8.61% from the stock’s previous close.

Several other research firms have also recently issued reports on CRWD. UBS Group cut their target price on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Canaccord Genuity Group reissued a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a report on Monday, September 30th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Thursday, September 19th. Susquehanna reissued a “positive” rating and set a $310.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Finally, BNP Paribas initiated coverage on CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $335.62.

CrowdStrike Stock Performance

CrowdStrike stock traded up $6.15 during trading on Friday, reaching $363.70. The company had a trading volume of 551,946 shares, compared to its average volume of 4,971,423. The firm’s 50-day simple moving average is $305.77 and its 200 day simple moving average is $311.53. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $89.15 billion, a price-to-earnings ratio of 524.80, a price-to-earnings-growth ratio of 23.89 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced 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. The firm had revenue of $963.87 million for 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 company’s revenue was up 31.7% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. Sell-side analysts forecast that CrowdStrike will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. 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 quarter. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Large investors have recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in CrowdStrike during the third quarter valued at $28,000. Tsfg LLC boosted its holdings in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. acquired a new stake in CrowdStrike during the 2nd quarter worth about $30,000. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike during the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors 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.