CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

CrowdStrike (NASDAQ:CRWD) had its price target raised by equities researchers at Wells Fargo & Company from $350.00 to $400.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 16.42% from the stock’s previous close.

Several other brokerages have also recently issued reports on CRWD. Barclays increased their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Morgan Stanley boosted their price objective on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Susquehanna lifted their price target on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research report on Wednesday. Needham & Company LLC upped their price objective on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective on the stock. in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty have assigned a buy rating and four have issued a strong buy 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 $355.80.

CrowdStrike Trading Down 5.7 %

CrowdStrike stock traded down $20.71 during trading hours on Wednesday, hitting $343.59. The company had a trading volume of 5,644,623 shares, compared to its average volume of 4,994,826. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $84.22 billion, a P/E ratio of 497.96, a P/E/G ratio of 26.33 and a beta of 1.10. The company has a 50-day moving average price of $311.86 and a two-hundred day moving average price of $312.52. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping 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 return on equity of 8.44% and a net margin of 4.84%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 EPS. On average, sell-side analysts anticipate that CrowdStrike will post 0.49 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. This trade represents a 3.22 % 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 the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $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 worth $32,465,110 in the last ninety days. 4.34% of the stock is owned by insiders.

Institutional Trading of CrowdStrike

Several hedge funds have recently modified their holdings of CRWD. Tri Ri Asset Management Corp acquired a new stake in CrowdStrike in the 3rd quarter valued at about $5,456,000. Peapack Gladstone Financial Corp purchased a new stake in shares of CrowdStrike in the 3rd quarter valued at approximately $497,000. Tidal Investments LLC raised its holdings in shares of CrowdStrike by 7.5% in the 3rd quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock valued at $6,959,000 after purchasing an additional 1,740 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of CrowdStrike during the 3rd quarter worth $1,319,000. Finally, World Investment Advisors LLC grew its stake in shares of CrowdStrike by 24.7% during the third quarter. World Investment Advisors LLC now owns 2,514 shares of the company’s stock worth $705,000 after purchasing an additional 498 shares in the last quarter. 71.16% of the stock is currently 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.