CrowdStrike (NASDAQ:CRWD) Given New $400.00 Price Target at Susquehanna

CrowdStrike (NASDAQ:CRWD) had its price objective increased by equities research analysts at Susquehanna from $310.00 to $400.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price objective suggests a potential upside of 9.80% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Robert W. Baird lowered their target price on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Barclays upped their price objective on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Wedbush set a $330.00 target price on CrowdStrike in a research note on Thursday, October 17th. BMO Capital Markets upped their price target on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Citigroup lowered their target price on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $346.43.

CrowdStrike Stock Performance

Shares of CRWD opened at $364.30 on Wednesday. The business has a 50-day simple moving average of $311.86 and a two-hundred day simple moving average of $312.52. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $398.33. The stock has a market cap of $89.30 billion, a price-to-earnings ratio of 527.97, a PEG ratio of 26.33 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period in the prior year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, analysts expect that CrowdStrike will post 0.49 EPS for the current year.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 2.51 % 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 in the last three months. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of institutional investors have recently modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike in the 2nd quarter worth $25,000. Oakworth Capital Inc. purchased a new stake in CrowdStrike in the third quarter valued at about $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 worth $29,000 after acquiring an additional 89 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of CrowdStrike during the second quarter worth about $30,000. Finally, Castleview Partners LLC acquired a new position in shares of CrowdStrike during the third quarter valued at about $32,000. 71.16% of the stock is currently owned by institutional investors.

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.