CrowdStrike (NASDAQ:CRWD) PT Lowered to $275.00 at Raymond James

CrowdStrike (NASDAQ:CRWD) had its price target trimmed by Raymond James from $380.00 to $275.00 in a research report report published on Thursday, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also issued reports on CRWD. Evercore ISI cut their price target on CrowdStrike from $350.00 to $325.00 and set an outperform rating on the stock in a report on Tuesday, July 30th. Canaccord Genuity Group reissued a buy rating and issued a $405.00 price objective on shares of CrowdStrike in a research note on Monday, July 22nd. FBN Securities raised CrowdStrike to a strong-buy rating in a research note on Wednesday, June 5th. Robert W. Baird lowered their price objective on CrowdStrike from $335.00 to $315.00 and set an outperform rating for the company in a research note on Thursday. Finally, Stifel Nicolaus lowered 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. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $329.47.

CrowdStrike Stock Up 2.1 %

Shares of NASDAQ:CRWD opened at $277.28 on Thursday. The business’s 50 day simple moving average is $301.88 and its two-hundred day simple moving average is $318.20. The firm has a market cap of $67.48 billion, a P/E ratio of 523.17, a PEG ratio of 11.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. CrowdStrike has a 52-week low of $145.38 and a 52-week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results 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. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. As a group, research analysts forecast that CrowdStrike will post 0.87 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike 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 completion of the sale, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike 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 completion of the sale, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the sale, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Insiders sold 130,219 shares of company stock valued at $48,856,294 over the last three months. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently added to or reduced their stakes in the business. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike during the second quarter valued at about $25,000. Hexagon Capital Partners LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at about $26,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of CrowdStrike during the 1st quarter valued at about $30,000. Family Firm Inc. bought a new stake in CrowdStrike in the 2nd quarter worth approximately $30,000. Finally, Johnson Financial Group Inc. purchased a new stake in CrowdStrike in the fourth quarter worth approximately $31,000. 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.