Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Free Report) dropped 2.5% during trading on Friday after KeyCorp lowered their price target on the stock from $430.00 to $376.00. KeyCorp currently has an overweight rating on the stock. CrowdStrike traded as low as $283.77 and last traded at $286.66. Approximately 995,159 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 3,587,264 shares. The stock had previously closed at $294.10.
Other analysts have also issued reports about the stock. Guggenheim upped their price target on shares of CrowdStrike from $358.00 to $424.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Canaccord Genuity Group upped their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Morgan Stanley upped their price target on shares of CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. Evercore ISI upped their price target on shares of CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, Barclays upped their price target on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. One research 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $371.87.
View Our Latest Analysis on CrowdStrike
Insiders Place Their Bets
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike in the 1st quarter valued at approximately $30,000. CVA Family Office LLC bought a new position in CrowdStrike in the 4th quarter valued at approximately $26,000. Hexagon Capital Partners LLC bought a new position in CrowdStrike in the 4th quarter valued at approximately $26,000. Future Financial Wealth Managment LLC bought a new position in CrowdStrike in the 1st quarter valued at approximately $32,000. Finally, MCF Advisors LLC bought a new position in CrowdStrike in the 1st quarter valued at approximately $32,000. Institutional investors own 71.16% of the company’s stock.
CrowdStrike Trading Down 3.9 %
The business’s fifty day moving average is $317.72 and its 200-day moving average is $263.70. The firm has a market cap of $68.36 billion, a P/E ratio of 785.13, a price-to-earnings-growth ratio of 11.75 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76.
CrowdStrike (NASDAQ:CRWD – Get Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The firm had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. Analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.
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.
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