Oppenheimer Cuts CrowdStrike (NASDAQ:CRWD) Price Target to $500.00

CrowdStrike (NASDAQ:CRWDGet Free Report) had its price target dropped by equities research analysts at Oppenheimer from $580.00 to $500.00 in a report issued on Tuesday,MarketScreener reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target would suggest a potential upside of 42.41% from the stock’s current price.

CRWD has been the subject of a number of other reports. Cantor Fitzgerald set a $520.00 price objective on shares of CrowdStrike in a research note on Tuesday. Berenberg Bank set a $600.00 price objective on shares of CrowdStrike and gave the stock a “buy” rating in a research note on Friday, January 9th. Stephens restated an “overweight” rating and set a $590.00 target price on shares of CrowdStrike in a report on Thursday, December 18th. Wedbush reiterated an “outperform” rating and issued a $600.00 price target on shares of CrowdStrike in a report on Monday, December 1st. Finally, Stifel Nicolaus decreased their price objective on CrowdStrike from $600.00 to $480.00 and set a “buy” rating for the company in a research note on Monday. Thirty equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $540.94.

Get Our Latest Stock Analysis on CrowdStrike

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $351.11 on Tuesday. The firm’s 50 day simple moving average is $447.71 and its 200-day simple moving average is $471.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81. CrowdStrike has a one year low of $298.00 and a one year high of $566.90. The firm has a market cap of $88.52 billion, a PE ratio of -276.90, a price-to-earnings-growth ratio of 21.86 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.CrowdStrike’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, equities analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 11,461 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the sale, the president owned 342,655 shares in the company, valued at approximately $164,399,015.90. The trade was a 3.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 7,871 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $415.78, for a total value of $3,272,604.38. Following the completion of the transaction, the chief financial officer owned 169,613 shares of the company’s stock, valued at approximately $70,521,693.14. The trade was a 4.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 100,247 shares of company stock valued at $45,722,274. 3.32% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

Several institutional investors have recently bought and sold shares of the business. Asset Planning Inc purchased a new stake in CrowdStrike in the 3rd quarter worth $25,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of CrowdStrike in the third quarter valued at about $25,000. Anchor Investment Management LLC purchased a new stake in shares of CrowdStrike during the third quarter worth about $25,000. Hanson & Doremus Investment Management increased its stake in shares of CrowdStrike by 170.0% during the fourth quarter. Hanson & Doremus Investment Management now owns 54 shares of the company’s stock worth $25,000 after purchasing an additional 34 shares in the last quarter. Finally, Basepoint Wealth LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth about $25,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Key CrowdStrike News

Here are the key news stories impacting CrowdStrike this week:

CrowdStrike Company Profile

(Get Free Report)

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.

Featured Stories

Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

Receive News & Ratings for CrowdStrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrowdStrike and related companies with MarketBeat.com's FREE daily email newsletter.