Evercore ISI Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its target price increased by Evercore ISI from $325.00 to $400.00 in a report released on Monday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on the company. BNP Paribas began coverage on CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. Susquehanna reaffirmed a “positive” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Cantor Fitzgerald lifted their target price on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Argus dropped their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Scotiabank dropped their price target on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $339.08.

CrowdStrike Trading Down 2.3 %

Shares of CrowdStrike stock opened at $363.68 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $398.33. The stock has a 50 day moving average price of $309.95 and a two-hundred day moving average price of $312.22. The stock has a market capitalization of $89.15 billion, a PE ratio of 527.07, a price-to-earnings-growth ratio of 26.95 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during 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%. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. As a group, equities analysts anticipate that CrowdStrike will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares in the company, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock worth $32,465,110 over the last ninety days. 4.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC boosted its holdings in shares of CrowdStrike by 7.5% in the 3rd quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock worth $6,959,000 after purchasing an additional 1,740 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of CrowdStrike in the 3rd quarter valued at about $1,319,000. World Investment Advisors LLC lifted its stake in shares of CrowdStrike by 24.7% in the 3rd quarter. World Investment Advisors LLC now owns 2,514 shares of the company’s stock valued at $705,000 after acquiring an additional 498 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of CrowdStrike by 27.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 51,004 shares of the company’s stock valued at $14,305,000 after acquiring an additional 11,115 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co lifted its stake in shares of CrowdStrike by 6.5% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 3,865 shares of the company’s stock valued at $1,084,000 after acquiring an additional 236 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.