CrowdStrike (NASDAQ:CRWD) Price Target Raised to $440.00 at KeyCorp

CrowdStrike (NASDAQ:CRWD) had its target price upped by KeyCorp from $380.00 to $440.00 in a report published on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also weighed in on CRWD. Mizuho decreased their price objective on shares of CrowdStrike from $390.00 to $370.00 and set a buy rating for the company in a report on Wednesday, June 5th. Morgan Stanley upped their price objective on CrowdStrike from $372.00 to $422.00 and gave the company an overweight rating in a research note on Tuesday, May 28th. Guggenheim reiterated a buy rating and issued a $424.00 target price on shares of CrowdStrike in a research report on Tuesday, June 25th. Stifel Nicolaus upped their price target on CrowdStrike from $315.00 to $400.00 and gave the company a buy rating in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a $420.00 price objective on shares of CrowdStrike in a report on Wednesday, June 5th. Two equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of Moderate Buy and an average price target of $382.35.

CrowdStrike Stock Up 0.6 %

Shares of CrowdStrike stock opened at $389.68 on Tuesday. CrowdStrike has a 1-year low of $139.37 and a 1-year high of $394.64. The company has a market capitalization of $94.83 billion, a PE ratio of 735.25, a P/E/G ratio of 19.51 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The business has a 50-day moving average of $348.89 and a 200-day moving average of $317.21.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The business had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. As a group, equities analysts forecast that CrowdStrike will post 0.9 EPS for the current fiscal year.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the transaction, the president now owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, President Michael Sentonas sold 10,735 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares in the company, valued at approximately $156,502,114.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the sale, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,675 shares of company stock worth $76,681,402. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley increased 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 valued at $832,516,000 after purchasing an additional 2,757,251 shares during the period. Norges Bank acquired a new position in CrowdStrike in the 4th quarter valued at approximately $683,336,000. Pathstone Holdings LLC purchased a new stake in CrowdStrike in the 4th quarter worth approximately $450,418,000. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after buying an additional 1,581,796 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after acquiring an additional 1,028,405 shares in the last quarter. Institutional investors and hedge funds 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.