CrowdStrike (NASDAQ:CRWD) PT Lowered to $300.00

CrowdStrike (NASDAQ:CRWD) had its target price reduced by Jefferies Financial Group from $400.00 to $300.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 28.40% from the stock’s current price.

A number of other brokerages also recently weighed in on CRWD. JPMorgan Chase & Co. cut their price target on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Monday. Royal Bank of Canada dropped their price objective on CrowdStrike from $420.00 to $380.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. DA Davidson cut their price target on CrowdStrike from $425.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Tuesday, July 23rd. Finally, Piper Sandler reduced their target price on shares of CrowdStrike from $400.00 to $310.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $351.76.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $233.65 on Wednesday. CrowdStrike has a 12-month low of $140.52 and a 12-month high of $398.33. The company has a market cap of $56.86 billion, a P/E ratio of 440.86, a PEG ratio of 13.23 and a beta of 1.10. The company has a fifty day simple moving average of $350.05 and a 200 day simple moving average of $326.14. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. Sell-side analysts predict that CrowdStrike will post 0.89 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the completion of the transaction, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other CrowdStrike news, CFO Burt W. Podbere sold 15,753 shares of CrowdStrike stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $305.15, for a total value of $4,807,027.95. Following the completion of the sale, the chief financial officer now owns 313,994 shares of the company’s stock, valued at approximately $95,815,269.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the sale, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The disclosure for this sale can be found here. Insiders have sold 219,675 shares of company stock valued at $76,931,522 over the last ninety days. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds have recently bought and sold shares of CRWD. Vanguard Group Inc. increased its position in shares of CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after purchasing an additional 315,280 shares during the last quarter. Jennison Associates LLC increased its holdings in CrowdStrike by 33.2% during the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after buying an additional 1,581,796 shares during the last quarter. Norges Bank bought a new position in CrowdStrike in the fourth quarter worth approximately $683,336,000. First Trust Advisors LP boosted its stake in shares of CrowdStrike by 19.3% during the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after acquiring an additional 358,945 shares during the last quarter. Finally, Pathstone Holdings LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $450,418,000. Hedge funds and other 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.