CrowdStrike (NASDAQ:CRWD) PT Lowered to $325.00

CrowdStrike (NASDAQ:CRWD) had its target price trimmed by Morgan Stanley from $360.00 to $325.00 in a research note released on Thursday, Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group cut their target price on shares of CrowdStrike from $400.00 to $300.00 and set a buy rating on the stock in a report on Wednesday, July 31st. HSBC lowered CrowdStrike from a buy rating to a hold rating and reduced their price objective for the company from $388.00 to $302.00 in a research report on Tuesday, July 23rd. Needham & Company LLC cut their target price on CrowdStrike from $425.00 to $375.00 and set a buy rating on the stock in a research note on Tuesday, July 30th. Cantor Fitzgerald restated an overweight rating and set a $400.00 price target on shares of CrowdStrike in a research report on Friday, June 21st. Finally, Rosenblatt Securities cut their price objective on shares of CrowdStrike from $420.00 to $350.00 and set a buy rating on the stock in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike presently has a consensus rating of Moderate Buy and an average price target of $338.08.

CrowdStrike Stock Up 0.4 %

Shares of CRWD traded up $0.97 during mid-day trading on Thursday, reaching $261.46. 2,609,311 shares of the stock traded hands, compared to its average volume of 5,420,325. The firm has a market cap of $63.63 billion, a price-to-earnings ratio of 493.30, a P/E/G ratio of 11.79 and a beta of 1.10. The stock has a fifty day simple moving average of $326.66 and a 200 day simple moving average of $321.23. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike has a 12-month low of $140.52 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data 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). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The firm had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. Sell-side analysts expect that CrowdStrike will post 0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the transaction, the president now owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of CrowdStrike stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the sale, the president now owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,643 shares of company stock worth $49,709,324. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in CRWD. Regal Investment Advisors LLC raised its position in CrowdStrike by 4.0% during the second quarter. Regal Investment Advisors LLC now owns 3,156 shares of the company’s stock valued at $1,209,000 after acquiring an additional 122 shares in the last quarter. Quarry LP increased its stake in shares of CrowdStrike by 275.0% during the 2nd quarter. Quarry LP now owns 465 shares of the company’s stock worth $178,000 after purchasing an additional 341 shares during the last quarter. Invst LLC bought a new position in shares of CrowdStrike during the 2nd quarter valued at $220,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of CrowdStrike by 4.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 84,725 shares of the company’s stock valued at $32,465,000 after purchasing an additional 3,880 shares during the last quarter. Finally, Silver Lake Advisory LLC bought a new stake in CrowdStrike in the second quarter worth $231,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

About CrowdStrike

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.