Barclays Increases CrowdStrike (NASDAQ:CRWD) Price Target to $372.00

CrowdStrike (NASDAQ:CRWD) had its price target increased by Barclays from $295.00 to $372.00 in a report published on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts have also recently weighed in on CRWD. Stifel Nicolaus reduced their price objective on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Wedbush set a $330.00 price target on shares of CrowdStrike in a research report on Thursday, October 17th. Scotiabank decreased their price target on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Argus dropped their price objective on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, KeyCorp increased their target price on shares of CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $334.33.

CrowdStrike Trading Up 2.1 %

Shares of CrowdStrike stock opened at $357.55 on Monday. The company has a fifty day simple moving average of $305.77 and a 200-day simple moving average of $311.53. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market cap of $87.65 billion, a price-to-earnings ratio of 518.19, a PEG ratio of 23.89 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter last year, the company posted $0.06 earnings per share. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities analysts forecast that CrowdStrike will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 11,178 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.47, for a total value of $3,325,119.66. Following the transaction, the chief financial officer now directly owns 286,472 shares in the company, valued at approximately $85,216,825.84. This represents a 3.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock valued at $32,465,110 over the last quarter. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds have recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the second quarter worth $25,000. Family Firm Inc. acquired a new stake in CrowdStrike in the 2nd quarter worth about $30,000. Itau Unibanco Holding S.A. purchased a new stake in CrowdStrike in the 2nd quarter valued at about $33,000. Unique Wealth Strategies LLC acquired a new position in shares of CrowdStrike during the 2nd quarter valued at about $36,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of CrowdStrike during the 2nd quarter worth about $38,000. Institutional investors and hedge funds 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.