CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $335.00 at Robert W. Baird

CrowdStrike (NASDAQ:CRWD) had its price objective decreased by equities research analysts at Robert W. Baird from $350.00 to $335.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 29.77% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of CrowdStrike from $371.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th. Oppenheimer raised their price target on shares of CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, June 5th. JMP Securities reissued a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Tuesday, May 14th. BTIG Research cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday. Finally, FBN Securities upgraded shares of CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $359.16.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $258.14 on Tuesday. The company has a market capitalization of $62.82 billion, a price-to-earnings ratio of 487.06, a PEG ratio of 13.30 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The company has a 50-day simple moving average of $357.65 and a 200 day simple moving average of $326.53. CrowdStrike has a 52 week low of $140.52 and a 52 week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. On average, sell-side analysts predict that CrowdStrike will post 0.9 earnings per share for the current year.

Insider Activity

In related news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the sale, the insider now owns 204,961 shares of the company’s stock, valued at $68,358,592.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 219,675 shares of company stock valued at $76,931,522. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. CVA Family Office LLC bought a new position in shares of CrowdStrike in the 4th quarter worth about $26,000. Hexagon Capital Partners LLC bought a new position in shares of CrowdStrike in the 4th quarter worth about $26,000. Bear Mountain Capital Inc. bought a new position in shares of CrowdStrike in the 4th quarter worth about $27,000. Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike in the 1st quarter worth about $30,000. Finally, Family Firm Inc. bought a new position in shares of CrowdStrike in the 2nd quarter worth about $30,000. 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.