CrowdStrike (NASDAQ:CRWD) Given New $400.00 Price Target at Citigroup

CrowdStrike (NASDAQ:CRWD) had its price target hoisted by Citigroup from $300.00 to $400.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on CRWD. Deutsche Bank Aktiengesellschaft dropped their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. Royal Bank of Canada cut their price target on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Sanford C. Bernstein decreased their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Oppenheimer dropped their target price on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, Evercore ISI lifted their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $355.80.

CrowdStrike Trading Down 4.6 %

Shares of CRWD opened at $347.59 on Wednesday. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $313.47 and its 200-day simple moving average is $312.77. The company has a market cap of $85.20 billion, a P/E ratio of 503.75, a P/E/G ratio of 26.33 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $958.27 million. During the same quarter last year, the firm earned $0.06 earnings per share. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, analysts expect that CrowdStrike will post 0.49 EPS for the current year.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now owns 816,730 shares in the company, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,465,110 in the last 90 days. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

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 worth about $25,000. Family Firm Inc. acquired a new position in CrowdStrike in the second quarter valued at approximately $30,000. Itau Unibanco Holding S.A. acquired a new position in CrowdStrike in the second quarter valued at approximately $33,000. Unique Wealth Strategies LLC purchased a new stake in CrowdStrike in the 2nd quarter worth approximately $36,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $38,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.