Wells Fargo & Company Increases CrowdStrike (NASDAQ:CRWD) Price Target to $400.00

CrowdStrike (NASDAQ:CRWD) had its target price increased by Wells Fargo & Company from $350.00 to $400.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on CRWD. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Monday, November 4th. Barclays lifted their target price on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. TD Cowen dropped their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft lowered their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Finally, BMO Capital Markets increased their price objective on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $355.80.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $347.59 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $85.20 billion, a price-to-earnings ratio of 503.75, a price-to-earnings-growth ratio of 26.33 and a beta of 1.10. CrowdStrike has a one year low of $200.81 and a one year high of $398.33. The stock’s 50-day moving average is $313.47 and its 200-day moving average is $312.77.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results 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. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the firm posted $0.06 EPS. The business’s revenue was up 31.7% on a year-over-year basis. Equities analysts predict that CrowdStrike will post 0.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on 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 transaction, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 over the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CRWD. State Street Corp boosted its stake in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. Jennison Associates LLC boosted its position in CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of CrowdStrike by 2.0% during the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after buying an additional 97,990 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of CrowdStrike by 3.0% during the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after buying an additional 60,607 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after buying an additional 77,100 shares in the last quarter. 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.