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

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

Several other research analysts have also commented on the company. BTIG Research lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Morgan Stanley reduced their price target on shares of CrowdStrike from $396.00 to $360.00 and set an “overweight” rating on the stock in a research report on Monday. JMP Securities restated a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Tuesday, May 14th. Oppenheimer increased their target price on shares of CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $356.37.

CrowdStrike Stock Up 2.0 %

Shares of CRWD traded up $5.11 during midday trading 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. The stock has a market capitalization of $63.58 billion, a price-to-earnings ratio of 492.96, a price-to-earnings-growth ratio of 13.09 and a beta of 1.10. CrowdStrike has a 1 year low of $140.52 and a 1 year high of $398.33. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average is $354.16 and its 200-day moving average is $326.67.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results 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). The business had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. As a group, sell-side analysts anticipate that CrowdStrike will post 0.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Burt W. Podbere sold 15,753 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the completion of the transaction, the chief financial officer now owns 313,994 shares in the company, valued at $95,815,269.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Burt W. Podbere sold 15,753 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the completion of the sale, the chief financial officer now directly owns 313,994 shares of the company’s stock, valued at $95,815,269.10. The disclosure for this sale can be found here. Insiders have sold 219,675 shares of company stock valued at $76,931,522 over the last three months. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently modified their holdings of CRWD. Arlington Financial Advisors LLC lifted its holdings in shares of CrowdStrike by 1.5% during the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after buying an additional 30 shares during the last quarter. Saturna Capital Corp lifted its stake in shares of CrowdStrike by 2.7% in the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after purchasing an additional 33 shares during the last quarter. Means Investment CO. Inc. raised its holdings in CrowdStrike by 1.8% during the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after buying an additional 35 shares in the last quarter. Shepherd Financial Partners LLC lifted its position in shares of CrowdStrike by 1.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after buying an additional 36 shares during the last quarter. Finally, Cigna Investments Inc. New raised its stake in shares of CrowdStrike by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock valued at $592,000 after acquiring an additional 38 shares in the last quarter. 71.16% of the stock is currently 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.