CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $300.00 at Citigroup

CrowdStrike (NASDAQ:CRWD) had its price target trimmed by Citigroup from $345.00 to $300.00 in a report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

CRWD has been the subject of several other research reports. Wells Fargo & Company decreased their target price on CrowdStrike from $435.00 to $350.00 and set an overweight rating for the company in a research note on Monday, July 22nd. BTIG Research downgraded CrowdStrike from a buy rating to a neutral rating in a research note on Monday, July 22nd. Wedbush restated an outperform rating and set a $315.00 target price on shares of CrowdStrike in a research note on Friday, August 9th. Redburn Atlantic downgraded CrowdStrike from a neutral rating to a sell rating and decreased their target price for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. Finally, Canaccord Genuity Group restated a buy rating and set a $405.00 target price on shares of CrowdStrike in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $344.13.

CrowdStrike Stock Performance

CRWD opened at $256.22 on Wednesday. The company has a market cap of $62.35 billion, a PE ratio of 483.43, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The stock has a 50-day moving average of $328.26 and a 200-day moving average of $321.65. CrowdStrike has a 52-week low of $140.52 and a 52-week high of $398.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80.

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

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the sale, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO George Kurtz sold 55,587 shares of CrowdStrike stock in a transaction on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the sale, the chief executive officer now directly owns 1,127,843 shares of the company’s stock, valued at $424,576,497.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction 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 directly owns 183,091 shares of the company’s stock, valued at $67,985,350.12. The disclosure for this sale can be found here. Insiders sold a total of 131,643 shares of company stock worth $49,709,324 over the last 90 days. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently made changes to their positions in the stock. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the second quarter worth $25,000. Hexagon Capital Partners LLC acquired a new position in CrowdStrike in the fourth quarter valued at about $26,000. Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike in the first quarter valued at about $30,000. Family Firm Inc. acquired a new position in CrowdStrike in the second quarter valued at about $30,000. Finally, Johnson Financial Group Inc. acquired a new position in CrowdStrike in the fourth quarter valued at about $31,000. 71.16% of the stock is 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.