CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $555.00 at Rosenblatt Securities

CrowdStrike (NASDAQ:CRWD) had its price objective reduced by investment analysts at Rosenblatt Securities from $630.00 to $555.00 in a research report issued on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ target price suggests a potential upside of 34.86% from the stock’s previous close.

A number of other equities research analysts have also issued reports on CRWD. Stifel Nicolaus increased their target price on CrowdStrike from $515.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Susquehanna lifted their price objective on shares of CrowdStrike from $530.00 to $600.00 and gave the company a “positive” rating in a research note on Wednesday, December 3rd. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research report on Monday, November 24th. Macquarie Infrastructure reaffirmed a “neutral” rating and set a $485.00 price target on shares of CrowdStrike in a research note on Tuesday, January 27th. Finally, Capital One Financial cut their price objective on shares of CrowdStrike from $600.00 to $590.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Thirty-one analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $552.17.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $411.54 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90. The firm has a market capitalization of $103.75 billion, a P/E ratio of -326.62, a P/E/G ratio of 23.80 and a beta of 1.03. The business’s 50-day simple moving average is $462.19 and its 200-day simple moving average is $473.57.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.94 by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. CrowdStrike’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. Equities analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, Director Johanna Flower sold 3,000 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the sale, the director directly owned 76,082 shares of the company’s stock, valued at approximately $35,145,319.08. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Denis Oleary sold 7,750 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $515.44, for a total transaction of $3,994,660.00. Following the completion of the transaction, the director directly owned 10,816 shares in the company, valued at $5,574,999.04. This represents a 41.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 100,247 shares of company stock worth $45,722,274. 3.32% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Several hedge funds have recently made changes to their positions in the stock. Laurel Wealth Advisors LLC increased its holdings in shares of CrowdStrike by 54,635.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after acquiring an additional 4,285,640 shares during the period. Norges Bank bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $1,699,545,000. Vestor Capital LLC boosted its position in shares of CrowdStrike by 269,840.3% during the second quarter. Vestor Capital LLC now owns 977,184 shares of the company’s stock worth $497,690,000 after buying an additional 976,822 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in CrowdStrike by 310.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 872,491 shares of the company’s stock worth $408,989,000 after buying an additional 659,705 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in CrowdStrike by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock valued at $11,933,425,000 after acquiring an additional 596,007 shares during the period. Institutional investors own 71.16% of the company’s stock.

About CrowdStrike

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.