CrowdStrike (NASDAQ:CRWD) PT Lowered to $325.00 at Evercore ISI

CrowdStrike (NASDAQ:CRWD) had its target price lowered by Evercore ISI from $350.00 to $325.00 in a report released on Tuesday, Marketbeat.com reports. Evercore ISI currently has an outperform rating on the stock.

CRWD has been the topic of several other reports. Redburn Atlantic lowered shares of CrowdStrike from a neutral rating to a sell rating and decreased their price objective for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. Wells Fargo & Company cut their price objective on shares of CrowdStrike from $435.00 to $350.00 and set an overweight rating on the stock in a report on Monday, July 22nd. Rosenblatt Securities dropped their price target on CrowdStrike from $420.00 to $350.00 and set a buy rating for the company in a research note on Wednesday, July 24th. Needham & Company LLC reduced their price objective on CrowdStrike from $425.00 to $375.00 and set a buy rating on the stock in a research note on Tuesday. Finally, Truist Financial lowered their price target on shares of CrowdStrike from $400.00 to $325.00 and set a buy rating for the company in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of Moderate Buy and a consensus target price of $351.76.

CrowdStrike Price Performance

Shares of CRWD opened at $217.89 on Tuesday. The firm’s 50 day moving average price is $342.74 and its 200 day moving average price is $324.32. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike has a fifty-two week low of $140.52 and a fifty-two week high of $398.33. The company has a market cap of $53.03 billion, a P/E ratio of 411.12, a PEG ratio of 12.16 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. On average, research analysts forecast that CrowdStrike will post 0.87 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the sale, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the sale, the insider now owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders sold 147,643 shares of company stock worth $54,992,604 over the last quarter. 4.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after acquiring an additional 315,280 shares in the last quarter. Jennison Associates LLC raised its stake in shares of CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after purchasing an additional 1,581,796 shares in the last quarter. Norges Bank acquired a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $683,336,000. First Trust Advisors LP grew its stake in shares of CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after buying an additional 358,945 shares in the last quarter. Finally, Pathstone Holdings LLC acquired a new position in CrowdStrike during the fourth quarter worth $450,418,000. 71.16% of the stock is owned by institutional investors.

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.