Barclays Increases CrowdStrike (NASDAQ:CRWD) Price Target to $372.00

CrowdStrike (NASDAQ:CRWD) had its price objective raised by investment analysts at Barclays from $295.00 to $372.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 5.30% from the company’s previous close.

A number of other research firms have also weighed in on CRWD. Robert W. Baird cut their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. 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 note on Monday, July 22nd. Canaccord Genuity Group reiterated a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a research note on Monday, September 30th. Stifel Nicolaus lowered their price target on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $331.90.

CrowdStrike Trading Up 3.0 %

Shares of CrowdStrike stock opened at $353.29 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $398.33. The firm has a market capitalization of $86.60 billion, a price-to-earnings ratio of 512.01, a PEG ratio of 22.77 and a beta of 1.10. The firm’s 50 day simple moving average is $301.83 and its two-hundred day simple moving average is $310.94.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. Analysts predict that CrowdStrike will post 0.52 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,248 shares of company stock worth $32,465,110. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the second quarter valued at about $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike in the third quarter valued at approximately $28,000. Tsfg LLC boosted its stake in shares of CrowdStrike by 593.3% in 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 period. Family Firm Inc. purchased a new position in shares of CrowdStrike in the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike in the third quarter valued at approximately $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.