CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $376.00 at KeyCorp

CrowdStrike (NASDAQ:CRWD) had its price target decreased by KeyCorp from $430.00 to $376.00 in a research report released on Thursday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

CRWD has been the subject of several other research reports. Evercore ISI raised their price target on shares of CrowdStrike from $255.00 to $405.00 and gave the company an outperform rating in a research report on Wednesday, March 6th. Westpark Capital reaffirmed a hold rating on shares of CrowdStrike in a report on Wednesday, January 17th. Macquarie reaffirmed an outperform rating and set a $370.00 price objective on shares of CrowdStrike in a research report on Tuesday, March 19th. Jefferies Financial Group boosted their target price on CrowdStrike from $375.00 to $400.00 and gave the stock a buy rating in a research report on Wednesday, March 6th. Finally, Sanford C. Bernstein assumed coverage on shares of CrowdStrike in a report on Thursday, January 18th. They set an outperform rating and a $334.00 price target on the stock. One investment analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of Moderate Buy and an average price target of $371.87.

CrowdStrike Trading Up 0.1 %

CrowdStrike stock opened at $294.10 on Thursday. CrowdStrike has a 12 month low of $115.67 and a 12 month high of $365.00. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $318.65 and its two-hundred day simple moving average is $262.91. The company has a market capitalization of $71.13 billion, a price-to-earnings ratio of 816.97, a price-to-earnings-growth ratio of 11.96 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. As a group, equities analysts predict that CrowdStrike will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the 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 completion of the transaction, the insider now directly owns 208,961 shares in the company, valued at approximately $64,525,067.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated 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 approximately $64,525,067.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,019 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders sold 223,544 shares of company stock worth $72,113,932 in the last quarter. 5.68% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley lifted its holdings in shares of CrowdStrike by 124.4% in the 3rd 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 bought a new stake in CrowdStrike in the fourth quarter worth about $683,336,000. Alliancebernstein L.P. boosted its position in shares of CrowdStrike by 1,593.7% during the second quarter. Alliancebernstein L.P. now owns 2,643,904 shares of the company’s stock valued at $388,310,000 after buying an additional 2,487,806 shares during the period. Pathstone Holdings LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $450,418,000. Finally, Jennison Associates LLC raised its holdings in shares of CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares during the period. Hedge funds and other 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.