Deutsche Bank Aktiengesellschaft Cuts CrowdStrike (NASDAQ:CRWD) Price Target to $440.00

CrowdStrike (NASDAQ:CRWDFree Report) had its price target cut by Deutsche Bank Aktiengesellschaft from $475.00 to $440.00 in a report issued on Wednesday,MarketScreener reports. They currently have a hold rating on the stock.

Several other brokerages have also recently weighed in on CRWD. UBS Group reaffirmed an “overweight” rating on shares of CrowdStrike in a research note on Wednesday. Sanford C. Bernstein boosted their target price on shares of CrowdStrike from $353.00 to $368.00 and gave the company a “market perform” rating in a report on Wednesday. Stephens upped their target price on shares of CrowdStrike from $465.00 to $490.00 and gave the stock an “overweight” rating in a research report on Wednesday. Argus increased their price target on shares of CrowdStrike from $540.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Finally, Citigroup lifted their price target on shares of CrowdStrike from $595.00 to $610.00 and gave the company a “buy” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $505.98.

Check Out Our Latest Stock Analysis on CrowdStrike

CrowdStrike Stock Performance

Shares of CRWD opened at $428.99 on Wednesday. The company has a 50-day simple moving average of $431.56 and a two-hundred day simple moving average of $468.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.77 and a quick ratio of 1.81. The firm has a market capitalization of $108.15 billion, a PE ratio of -579.71, a price-to-earnings-growth ratio of 20.82 and a beta of 1.06. CrowdStrike has a one year low of $298.00 and a one year high of $566.90.

CrowdStrike (NASDAQ:CRWDGet Free Report) last posted its earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. CrowdStrike had a negative return on equity of 0.14% and a negative net margin of 3.81%.The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the business earned $1.03 EPS. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. On average, analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 836 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $476.83, for a total value of $398,629.88. Following the transaction, the chief accounting officer owned 43,726 shares in the company, valued at approximately $20,849,868.58. This represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Burt W. Podbere sold 7,871 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $415.78, for a total transaction of $3,272,604.38. Following the sale, the chief financial officer owned 169,613 shares in the company, valued at approximately $70,521,693.14. The trade was a 4.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 91,947 shares of company stock worth $41,438,616 in the last 90 days. Insiders own 3.32% of the company’s stock.

Institutional Trading of CrowdStrike

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of CrowdStrike by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 24,216,545 shares of the company’s stock valued at $11,351,748,000 after purchasing an additional 340,047 shares in the last quarter. State Street Corp increased its holdings in CrowdStrike by 2.2% in the 4th quarter. State Street Corp now owns 11,161,718 shares of the company’s stock worth $5,232,167,000 after buying an additional 239,428 shares in the last quarter. Geode Capital Management LLC raised its position in CrowdStrike by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 5,947,969 shares of the company’s stock worth $2,777,227,000 after buying an additional 137,224 shares during the last quarter. Laurel Wealth Advisors LLC lifted its stake in CrowdStrike by 54,635.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock valued at $2,186,714,000 after acquiring an additional 4,285,640 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in CrowdStrike by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,271,691 shares of the company’s stock valued at $2,002,398,000 after acquiring an additional 53,813 shares during the period. Institutional investors own 71.16% of the company’s stock.

Key Headlines Impacting CrowdStrike

Here are the key news stories impacting CrowdStrike this week:

About CrowdStrike

(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.

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Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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