CrowdStrike (NASDAQ:CRWD) Price Target Increased to $440.00 by Analysts at KeyCorp

CrowdStrike (NASDAQ:CRWD) had its price objective raised by KeyCorp from $380.00 to $440.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts also recently commented on the stock. Piper Sandler downgraded shares of CrowdStrike from an overweight rating to a neutral rating and set a $400.00 price target for the company. in a research report on Tuesday. Morgan Stanley upped their target price on shares of CrowdStrike from $372.00 to $422.00 and gave the company an overweight rating in a report on Tuesday, May 28th. BMO Capital Markets decreased their target price on shares of CrowdStrike from $425.00 to $410.00 and set an outperform rating for the company in a research note on Wednesday, June 5th. Citigroup increased their target price on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a buy rating in a research note on Thursday, March 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of CrowdStrike from $371.00 to $400.00 and gave the stock an overweight rating in a research note on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $382.35.

CrowdStrike Price Performance

Shares of CRWD opened at $387.18 on Tuesday. The firm has a fifty day moving average price of $347.10 and a 200 day moving average price of $316.72. The stock has a market cap of $94.22 billion, a PE ratio of 730.54, a price-to-earnings-growth ratio of 19.41 and a beta of 1.10. CrowdStrike has a 1-year low of $139.37 and a 1-year high of $394.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm 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%. As a group, sell-side analysts anticipate that CrowdStrike will post 0.9 EPS for the current year.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the sale, the insider now directly owns 208,961 shares in the company, valued at $64,525,067.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Burt W. Podbere sold 15,753 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the sale, the chief financial officer now owns 313,994 shares in the company, valued at $95,815,269.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the sale, the insider now owns 208,961 shares in the company, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Insiders have sold 219,675 shares of company stock worth $76,681,402 over the last ninety days. 4.34% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 during the last quarter. Jennison Associates LLC boosted its position in CrowdStrike by 33.2% during the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after acquiring an additional 1,581,796 shares during the last quarter. Morgan Stanley boosted its position in CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after acquiring an additional 2,757,251 shares during the last quarter. Norges Bank acquired a new stake in CrowdStrike during the fourth quarter worth approximately $683,336,000. Finally, First Trust Advisors LP boosted its holdings in shares of CrowdStrike by 19.3% in the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after purchasing an additional 358,945 shares during the last quarter. 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.