Raymond James Lowers CrowdStrike (NASDAQ:CRWD) Price Target to $275.00

CrowdStrike (NASDAQ:CRWD) had its price target dropped by analysts at Raymond James from $380.00 to $275.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential downside of 0.82% from the stock’s current price.

Several other equities research analysts have also recently weighed in on CRWD. FBN Securities upgraded CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and reduced their price objective for the company from $388.00 to $302.00 in a research report on Tuesday, July 23rd. Piper Sandler raised shares of CrowdStrike from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $310.00 to $290.00 in a research report on Tuesday, August 6th. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Finally, Mizuho decreased their price target on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $326.15.

CrowdStrike Trading Up 2.1 %

Shares of CRWD opened at $277.28 on Thursday. The firm has a fifty day simple moving average of $303.94 and a two-hundred day simple moving average of $318.50. CrowdStrike has a twelve month low of $145.38 and a twelve month high of $398.33. The stock has a market capitalization of $67.48 billion, a P/E ratio of 522.13, a PEG ratio of 11.79 and a beta of 1.10. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last posted its 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 net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period in the prior year, the business posted $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, research analysts anticipate that CrowdStrike will post 0.87 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Anurag Saha sold 1,662 shares of the firm’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 sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,219 shares of company stock worth $48,856,294. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $683,336,000. Pathstone Holdings LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $450,418,000. Vanguard Group Inc. grew its holdings in 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 buying an additional 1,028,405 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after buying an additional 564,662 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of CrowdStrike by 619.0% in the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after buying an additional 477,706 shares in the last quarter. 71.16% of the stock is 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.