CrowdStrike (NASDAQ:CRWD) Price Target Cut to $310.00

CrowdStrike (NASDAQ:CRWD) had its price objective reduced by Susquehanna from $410.00 to $310.00 in a report issued on Thursday morning, Benzinga reports. They currently have a positive rating on the stock.

Several other analysts also recently issued reports on CRWD. Piper Sandler upgraded CrowdStrike from a neutral rating to an overweight rating and reduced their price objective for the company from $310.00 to $290.00 in a research report on Tuesday, August 6th. BMO Capital Markets raised their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an outperform rating in a research note on Thursday, August 29th. DA Davidson boosted their price objective on shares of CrowdStrike from $290.00 to $310.00 and gave the company a buy rating in a research report on Thursday, August 29th. Royal Bank of Canada decreased their target price on shares of CrowdStrike from $345.00 to $335.00 and set an outperform rating on the stock in a research report on Thursday, August 29th. Finally, Evercore ISI lowered their target price on shares of CrowdStrike from $350.00 to $325.00 and set an outperform rating for the company in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $327.16.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $246.39 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.80 and a debt-to-equity ratio of 0.26. The stock has a market cap of $59.96 billion, a price-to-earnings ratio of 464.89, a PEG ratio of 13.44 and a beta of 1.09. The company’s 50-day moving average price is $289.69 and its 200 day moving average price is $315.77. CrowdStrike has a 52 week low of $157.59 and a 52 week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period last year, the company posted $0.06 EPS. The company’s revenue was up 31.7% on a year-over-year basis. As a group, research analysts forecast that CrowdStrike will post 0.81 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 15,000 shares of the business’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 completion of the transaction, the director now owns 824,234 shares in the company, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,219 shares of company stock worth $48,856,294. 4.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently bought and sold shares of the business. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the 2nd quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike in the first quarter valued at $30,000. Family Firm Inc. bought a new position in CrowdStrike during the 2nd quarter valued at $30,000. Johnson Financial Group Inc. acquired a new position in CrowdStrike during the 4th quarter worth $31,000. Finally, Northwest Bank & Trust Co bought a new stake in shares of CrowdStrike in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.