CrowdStrike (NASDAQ:CRWD) Price Target Raised to $410.00 at Oppenheimer

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by Oppenheimer from $365.00 to $410.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Stifel Nicolaus increased their price target on shares of CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft decreased their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Jefferies Financial Group upped their target price on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Wedbush set a $330.00 target price on shares of CrowdStrike in a research note on Thursday, October 17th. One 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $355.80.

CrowdStrike Trading Down 4.6 %

Shares of CRWD opened at $347.59 on Wednesday. The stock’s 50-day moving average price is $313.47 and its 200 day moving average price is $312.77. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $85.20 billion, a price-to-earnings ratio of 503.75, a P/E/G ratio of 26.33 and a beta of 1.10. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for 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%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. As a group, research analysts predict that CrowdStrike will post 0.49 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the transaction, the director now owns 816,730 shares of the company’s stock, valued at $261,745,630.40. This represents a 0.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,248 shares of company stock worth $32,465,110. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike during the 2nd quarter worth about $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike during the third quarter worth about $28,000. Tsfg LLC boosted its position in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. bought a new position in CrowdStrike in the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC acquired a new position in shares of CrowdStrike during the 3rd quarter worth approximately $32,000. 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.