Analysts Set CrowdStrike (NASDAQ:CRWD) Price Target at $538.28

CrowdStrike (NASDAQ:CRWDGet Free Report) has earned an average rating of “Moderate Buy” from the forty-nine analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and thirty have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $528.7447.

A number of brokerages have commented on CRWD. Daiwa Securities Group boosted their price target on shares of CrowdStrike from $530.00 to $560.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. TD Cowen reduced their price objective on shares of CrowdStrike from $580.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Cantor Fitzgerald decreased their target price on shares of CrowdStrike from $590.00 to $520.00 and set an “overweight” rating for the company in a research report on Tuesday. Morgan Stanley raised their price target on shares of CrowdStrike from $515.00 to $537.00 and gave the company an “equal weight” rating in a research report on Thursday, December 18th. Finally, Loop Capital set a $550.00 price target on CrowdStrike in a research note on Thursday, December 11th.

Get Our Latest Analysis on CRWD

CrowdStrike News Roundup

Here are the key news stories impacting CrowdStrike this week:

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $371.98 on Thursday. The business has a 50-day simple moving average of $438.69 and a 200 day simple moving average of $469.57. CrowdStrike has a one year low of $298.00 and a one year high of $566.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market capitalization of $93.78 billion, a price-to-earnings ratio of -295.22, a PEG ratio of 20.93 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, Director Johanna Flower sold 3,000 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the completion of the sale, the director owned 76,082 shares in the company, 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 filing with the SEC, which can be accessed through this link. Also, CFO Burt W. Podbere sold 7,871 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $415.78, for a total value of $3,272,604.38. Following the completion of the sale, the chief financial officer directly owned 169,613 shares of the company’s stock, valued at $70,521,693.14. The trade was a 4.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 100,247 shares of company stock valued at $45,722,274 in the last three months. Insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently added to or reduced their stakes in the company. Asset Planning Inc purchased a new position in shares of CrowdStrike in the 3rd quarter worth approximately $25,000. Pilgrim Partners Asia Pte Ltd bought a new stake in CrowdStrike during the third quarter worth $25,000. Anchor Investment Management LLC purchased a new position in CrowdStrike in the third quarter worth $25,000. Hanson & Doremus Investment Management grew its stake in CrowdStrike by 170.0% in the 4th quarter. Hanson & Doremus Investment Management now owns 54 shares of the company’s stock valued at $25,000 after purchasing an additional 34 shares during the period. Finally, Basepoint Wealth LLC bought a new position in CrowdStrike in the 4th quarter valued at $25,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Company Profile

(Get Free Report)

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.

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Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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