Susquehanna Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its price objective increased by equities research analysts at Susquehanna from $310.00 to $400.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price target points to a potential upside of 9.80% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Cantor Fitzgerald upped their price target on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. DA Davidson reaffirmed a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a report on Wednesday, September 18th. Barclays boosted their price target on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Hsbc Global Res raised shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $346.43.

CrowdStrike Trading Up 0.2 %

CrowdStrike stock opened at $364.30 on Wednesday. The stock has a 50-day moving average price of $311.86 and a 200 day moving average price of $312.52. The company has a market capitalization of $89.30 billion, a price-to-earnings ratio of 527.97, a price-to-earnings-growth ratio of 26.33 and a beta of 1.10. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS. Sell-side analysts anticipate that CrowdStrike will post 0.49 EPS for the current year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRWD. Tri Ri Asset Management Corp purchased a new stake in CrowdStrike during the 3rd quarter worth about $5,456,000. Peapack Gladstone Financial Corp acquired a new position in shares of CrowdStrike during the third quarter worth about $497,000. Tidal Investments LLC increased its stake in shares of CrowdStrike by 7.5% during the third quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock worth $6,959,000 after buying an additional 1,740 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in CrowdStrike in the third quarter valued at approximately $1,319,000. Finally, World Investment Advisors LLC lifted its stake in CrowdStrike by 24.7% in the third quarter. World Investment Advisors LLC now owns 2,514 shares of the company’s stock worth $705,000 after acquiring an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.