Rosenblatt Securities Forecasts Strong Price Appreciation for CrowdStrike (NASDAQ:CRWD) Stock

CrowdStrike (NASDAQ:CRWD) had its target price upped by Rosenblatt Securities from $325.00 to $385.00 in a research note issued to investors on Monday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Raymond James decreased their price target on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. BNP Paribas began coverage on shares of CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. DA Davidson reissued a “buy” rating and issued a $310.00 price target on shares of CrowdStrike in a report on Wednesday, September 18th. Argus decreased their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.08.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $363.68 on Monday. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $398.33. The stock has a market capitalization of $89.15 billion, a P/E ratio of 527.07, a PEG ratio of 26.95 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $309.95 and its 200 day moving average is $312.22.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. The business’s quarterly revenue was up 31.7% on a year-over-year basis. On average, sell-side analysts anticipate that CrowdStrike will post 0.49 earnings per share for the current year.

Insider Activity

In related news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 4.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,248 shares of company stock valued at $32,465,110. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike during the 2nd quarter valued at about $25,000. Oakworth Capital Inc. purchased a new stake in CrowdStrike in the third quarter worth about $28,000. Tsfg LLC lifted its holdings in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares during the period. Family Firm Inc. bought a new stake in CrowdStrike during the 2nd quarter valued at approximately $30,000. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike during the 3rd quarter worth approximately $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.