CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, KeyCorp Analyst Says

CrowdStrike (NASDAQ:CRWD) had its price target hoisted by investment analysts at KeyCorp from $345.00 to $395.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 8.61% from the company’s previous close.

Several other research firms also recently weighed in on CRWD. Deutsche Bank Aktiengesellschaft reduced their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Cantor Fitzgerald raised their target price on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday. BMO Capital Markets lifted their price target on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Oppenheimer reduced their price objective on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Raymond James lowered their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $335.62.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $6.15 on Friday, hitting $363.70. The company’s stock had a trading volume of 551,946 shares, compared to its average volume of 4,971,423. The company has a market capitalization of $89.15 billion, a price-to-earnings ratio of 524.80, a price-to-earnings-growth ratio of 23.89 and a beta of 1.10. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a fifty day moving average price of $305.77 and a 200-day moving average price of $311.53.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the prior year, the company posted $0.06 EPS. The business’s quarterly revenue was up 31.7% on a year-over-year basis. As a group, sell-side analysts anticipate that CrowdStrike will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,248 shares of company stock worth $32,465,110. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike in the second quarter valued at approximately $25,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike during the 3rd quarter worth $28,000. Tsfg LLC grew its stake in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Family Firm Inc. acquired a new position in shares of CrowdStrike during the 2nd quarter worth $30,000. Finally, Castleview Partners LLC acquired a new stake in shares of CrowdStrike in the third quarter valued at 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.