Wedbush Trims CrowdStrike (NASDAQ:CRWD) Target Price to $315.00

CrowdStrike (NASDAQ:CRWD) had its target price decreased by analysts at Wedbush from $385.00 to $315.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s price objective points to a potential upside of 21.34% from the company’s previous close.

A number of other research analysts have also weighed in on CRWD. Scotiabank lowered CrowdStrike from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $393.00 to $300.00 in a report on Monday. FBN Securities upgraded CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. Evercore ISI dropped their price target on CrowdStrike from $405.00 to $350.00 and set an “outperform” rating for the company in a research report on Friday, July 19th. BTIG Research downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday. Finally, Morgan Stanley dropped their price target on CrowdStrike from $422.00 to $396.00 and set an “overweight” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $359.16.

CrowdStrike Price Performance

CRWD stock traded down $9.28 during mid-day trading on Wednesday, reaching $259.60. 11,911,593 shares of the company traded hands, compared to its average volume of 4,951,601. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market capitalization of $63.18 billion, a P/E ratio of 489.81, a P/E/G ratio of 13.30 and a beta of 1.10. CrowdStrike has a 52-week low of $140.52 and a 52-week high of $398.33. The company has a fifty day moving average price of $359.35 and a 200-day moving average price of $327.01.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. As a group, analysts anticipate that CrowdStrike will post 0.9 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the sale, the insider now directly owns 183,091 shares of the company’s stock, valued at $67,985,350.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the transaction, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,675 shares of company stock valued at $76,931,522. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Unique Wealth Strategies LLC bought a new position in CrowdStrike in the second quarter valued at about $36,000. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike in the first quarter valued at about $30,000. Hobbs Group Advisors LLC bought a new position in CrowdStrike in the second quarter valued at about $38,000. CVA Family Office LLC bought a new position in CrowdStrike in the fourth quarter valued at about $26,000. Finally, Hexagon Capital Partners LLC bought a new position in CrowdStrike in the fourth quarter valued at about $26,000. Institutional investors own 71.16% of the company’s stock.

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.