CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $365.00 at Royal Bank of Canada

CrowdStrike (NASDAQ:CRWD) had its target price decreased by Royal Bank of Canada from $370.00 to $365.00 in a research note published on Wednesday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

CRWD has been the subject of several other research reports. Barclays increased their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Bank of America increased their target price on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday. Rosenblatt Securities boosted their price target on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a report on Monday. BMO Capital Markets increased their price objective on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Citigroup boosted their target price on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $355.80.

CrowdStrike Trading Down 4.6 %

NASDAQ CRWD opened at $347.59 on Wednesday. The firm has a market cap of $85.20 billion, a PE ratio of 503.75, a price-to-earnings-growth ratio of 26.33 and a beta of 1.10. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $398.33. The stock has a 50-day moving average of $313.47 and a 200-day moving average of $312.77. The company has a current ratio of 1.90, a quick ratio of 1.90 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, sell-side analysts forecast that CrowdStrike will post 0.49 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the sale, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,248 shares of company stock worth $32,465,110. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike in the 2nd quarter worth approximately $25,000. Family Firm Inc. purchased a new stake in CrowdStrike during the second quarter valued at approximately $30,000. Itau Unibanco Holding S.A. bought a new position in CrowdStrike in the second quarter worth approximately $33,000. Unique Wealth Strategies LLC purchased a new position in shares of CrowdStrike during the 2nd quarter worth $36,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of CrowdStrike during the 2nd quarter valued at $38,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.