CrowdStrike (NASDAQ:CRWD) PT Lowered to $330.00 at JPMorgan Chase & Co.

CrowdStrike (NASDAQ:CRWD) had its price objective reduced by analysts at JPMorgan Chase & Co. from $400.00 to $330.00 in a report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 26.31% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. DA Davidson reduced their target price on shares of CrowdStrike from $425.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Piper Sandler lowered their price target on CrowdStrike from $400.00 to $310.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Evercore ISI cut their target price on CrowdStrike from $405.00 to $350.00 and set an “outperform” rating on the stock in a report on Friday, July 19th. Finally, BTIG Research downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $356.37.

CrowdStrike Stock Up 2.0 %

Shares of CrowdStrike stock traded up $5.11 during trading hours on Monday, hitting $261.27. 5,962,516 shares of the company’s stock traded hands, compared to its average volume of 5,050,617. CrowdStrike has a twelve month low of $140.52 and a twelve month high of $398.33. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The company has a market cap of $63.58 billion, a PE ratio of 492.96, a PEG ratio of 13.09 and a beta of 1.10. The stock has a 50 day simple moving average of $354.16 and a 200-day simple moving average of $326.67.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Equities research analysts anticipate that CrowdStrike will post 0.9 earnings per share for the current fiscal year.

Insider Activity

In related news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction 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 sale, the president now owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the company’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 $4,086,063.05. Following the sale, 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 this link. Also, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders sold 219,675 shares of company stock valued at $76,931,522 over the last quarter. 4.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC lifted its position in CrowdStrike by 4.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 6,325 shares of the company’s stock valued at $2,424,000 after acquiring an additional 251 shares in the last quarter. Zevin Asset Management LLC purchased a new position in shares of CrowdStrike during the second quarter valued at approximately $7,891,000. Burney Co. grew its holdings in CrowdStrike by 578.1% during the second quarter. Burney Co. now owns 28,393 shares of the company’s stock worth $10,880,000 after buying an additional 24,206 shares in the last quarter. Meitav Investment House Ltd. raised its position in CrowdStrike by 14.5% in the 2nd quarter. Meitav Investment House Ltd. now owns 733 shares of the company’s stock valued at $283,000 after buying an additional 93 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in CrowdStrike by 23.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 289 shares of the company’s stock valued at $111,000 after acquiring an additional 54 shares in the last quarter. 71.16% of the stock is currently owned by 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.