Royal Bank of Canada Trims CrowdStrike (NASDAQ:CRWD) Target Price to $380.00

CrowdStrike (NASDAQ:CRWD) had its price target cut by Royal Bank of Canada from $420.00 to $380.00 in a research note published on Monday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also weighed in on CRWD. Needham & Company LLC restated a buy rating and issued a $425.00 target price on shares of CrowdStrike in a research note on Wednesday, June 5th. Mizuho decreased their target price on CrowdStrike from $390.00 to $370.00 and set a buy rating on the stock in a research note on Wednesday, June 5th. BMO Capital Markets decreased their target price on CrowdStrike from $425.00 to $410.00 and set an outperform rating on the stock in a research note on Wednesday, June 5th. Guggenheim cut CrowdStrike from a buy rating to a neutral rating in a report on Monday. Finally, JPMorgan Chase & Co. upped their price objective on CrowdStrike from $371.00 to $400.00 and gave the stock an overweight rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $359.16.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $254.15 on Monday. The firm has a market cap of $61.85 billion, a price-to-earnings ratio of 479.54, a PEG ratio of 13.55 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 business’s fifty day moving average is $355.96 and its 200 day moving average is $326.03. CrowdStrike has a 52-week low of $140.52 and a 52-week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its 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 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%. Research analysts predict that CrowdStrike will post 0.9 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the transaction, the insider now owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the transaction, the insider now owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value 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. Insiders sold 219,675 shares of company stock valued at $76,931,522 in the last 90 days. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Family Firm Inc. bought a new position in shares of CrowdStrike in the 2nd quarter worth approximately $30,000. Unique Wealth Strategies LLC bought a new position in shares of CrowdStrike in the 2nd quarter worth approximately $36,000. Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike in the 1st quarter worth approximately $30,000. Hobbs Group Advisors LLC bought a new position in shares of CrowdStrike in the 2nd quarter worth approximately $38,000. Finally, CVA Family Office LLC bought a new position in CrowdStrike during the 4th quarter valued at approximately $26,000. Institutional investors 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.