CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $275.00 at Deutsche Bank Aktiengesellschaft

CrowdStrike (NASDAQ:CRWD) had its target price decreased by Deutsche Bank Aktiengesellschaft from $350.00 to $275.00 in a research note issued to investors on Monday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other equities analysts also recently weighed in on CRWD. BTIG Research downgraded CrowdStrike from a buy rating to a neutral rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. decreased their target price on shares of CrowdStrike from $400.00 to $330.00 and set an overweight rating on the stock in a research report on Monday, July 29th. Wells Fargo & Company cut their price target on shares of CrowdStrike from $435.00 to $350.00 and set an overweight rating on the stock in a research note on Monday, July 22nd. Westpark Capital reissued a hold rating on shares of CrowdStrike in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada cut their price objective on CrowdStrike from $420.00 to $380.00 and set an outperform rating on the stock in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently has an average rating of Moderate Buy and a consensus target price of $322.51.

CrowdStrike Trading Up 2.8 %

Shares of CRWD opened at $271.67 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. CrowdStrike has a 1-year low of $145.38 and a 1-year high of $398.33. The firm has a 50 day simple moving average of $306.15 and a 200-day simple moving average of $318.83. The stock has a market cap of $66.11 billion, a price-to-earnings ratio of 512.58, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. Equities analysts forecast that CrowdStrike will post 0.87 EPS for the current fiscal year.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the sale, the insider now directly owns 200,672 shares in the company, valued at approximately $76,843,328.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the sale, the insider now directly owns 200,672 shares of the company’s stock, valued at approximately $76,843,328.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,219 shares of company stock valued at $48,856,294. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New Wave Wealth Advisors LLC bought a new stake in CrowdStrike during the second quarter worth approximately $325,000. Granite Bay Wealth Management LLC acquired a new position in shares of CrowdStrike during the 2nd quarter valued at $5,045,000. HWG Holdings LP bought a new stake in shares of CrowdStrike in the 2nd quarter worth $2,955,000. EP Wealth Advisors LLC lifted its holdings in shares of CrowdStrike by 240.7% in the second quarter. EP Wealth Advisors LLC now owns 17,181 shares of the company’s stock valued at $6,583,000 after buying an additional 12,138 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its holdings in CrowdStrike by 2.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 17,024 shares of the company’s stock worth $6,523,000 after acquiring an additional 383 shares during the period. 71.16% of the stock is currently owned by institutional investors.

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.