CrowdStrike (NASDAQ:CRWD) Price Target Cut to $315.00 by Analysts at Sanford C. Bernstein

CrowdStrike (NASDAQ:CRWD) had its price target decreased by Sanford C. Bernstein from $381.00 to $315.00 in a research note released on Monday, Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the stock.

CRWD has been the subject of several other reports. Robert W. Baird reduced their price objective on CrowdStrike from $350.00 to $335.00 and set an outperform rating for the company in a research report on Tuesday, July 23rd. BMO Capital Markets reduced their price target on CrowdStrike from $410.00 to $290.00 and set an outperform rating for the company in a research report on Friday, August 16th. Jefferies Financial Group lowered their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a buy rating on the stock in a report on Wednesday, July 31st. Wells Fargo & Company cut their price objective on shares of CrowdStrike from $435.00 to $350.00 and set an overweight rating on the stock in a research report on Monday, July 22nd. Finally, Redburn Atlantic downgraded shares of 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 report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $337.58.

CrowdStrike Price Performance

NASDAQ CRWD opened at $273.21 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market cap of $66.49 billion, a price-to-earnings ratio of 515.49, a PEG ratio of 11.79 and a beta of 1.10. The business has a 50 day simple moving average of $318.12 and a 200 day simple moving average of $320.48. CrowdStrike has a 52-week low of $141.97 and a 52-week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data 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). The company had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Analysts anticipate that CrowdStrike will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the sale, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,219 shares of company stock valued at $48,856,294. 4.34% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Granite Bay Wealth Management LLC bought a new stake in CrowdStrike during the second quarter worth $5,045,000. HWG Holdings LP bought a new stake in shares of CrowdStrike during the 2nd quarter worth $2,955,000. EP Wealth Advisors LLC boosted its stake in CrowdStrike by 240.7% in the second quarter. EP Wealth Advisors LLC now owns 17,181 shares of the company’s stock valued at $6,583,000 after buying an additional 12,138 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in CrowdStrike by 2.3% in the second quarter. B. Riley Wealth Advisors Inc. now owns 17,024 shares of the company’s stock valued at $6,523,000 after acquiring an additional 383 shares during the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in CrowdStrike during the second quarter worth about $239,000. Institutional investors own 71.16% of the company’s stock.

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.