CrowdStrike (NASDAQ:CRWD – Get Rating) had its price target increased by equities research analysts at Royal Bank of Canada from $250.00 to $275.00 in a note issued to investors on Thursday, The Fly reports. Royal Bank of Canada’s price objective would indicate a potential upside of 42.05% from the stock’s previous close.
Several other research firms have also commented on CRWD. Canaccord Genuity Group boosted their price objective on shares of CrowdStrike from $225.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price target on shares of CrowdStrike from $255.00 to $288.00 in a report on Thursday. BTIG Research raised shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $257.00 price target on the stock in a report on Thursday. Needham & Company LLC restated a “buy” rating and set a $339.00 price objective on shares of CrowdStrike in a research report on Tuesday, November 23rd. Finally, Barclays upped their price objective on shares of CrowdStrike from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $261.71.
CrowdStrike stock traded up $23.80 during trading hours on Thursday, hitting $193.59. The company had a trading volume of 280,909 shares, compared to its average volume of 4,366,854. The firm has a market cap of $44.40 billion, a P/E ratio of -204.59, a P/E/G ratio of 19.18 and a beta of 1.38. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike has a 1 year low of $150.02 and a 1 year high of $298.48. The company has a 50-day moving average price of $179.43 and a two-hundred day moving average price of $225.43.
CrowdStrike (NASDAQ:CRWD – Get Rating) last posted its quarterly earnings results on Wednesday, March 9th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.20 by $0.10. CrowdStrike had a negative net margin of 16.48% and a negative return on equity of 15.93%. The business had revenue of $431.01 million during the quarter, compared to analyst estimates of $412.38 million. During the same quarter in the previous year, the business posted ($0.08) EPS. The company’s quarterly revenue was up 62.7% compared to the same quarter last year. As a group, equities research analysts anticipate that CrowdStrike will post -0.68 EPS for the current year.
In other CrowdStrike news, insider Shawn Henry sold 7,125 shares of the stock in a transaction on Tuesday, December 21st. The stock was sold at an average price of $207.33, for a total value of $1,477,226.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gerhard Watzinger sold 5,000 shares of the stock in a transaction on Thursday, December 23rd. The stock was sold at an average price of $209.21, for a total value of $1,046,050.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,238 shares of company stock valued at $26,394,643. 8.64% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of CrowdStrike during the third quarter valued at $25,000. Institutional & Family Asset Management LLC bought a new position in CrowdStrike during the third quarter valued at about $25,000. Wealth Quarterback LLC boosted its position in shares of CrowdStrike by 78.6% in the 3rd quarter. Wealth Quarterback LLC now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of CrowdStrike by 159.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 135 shares of the company’s stock valued at $28,000 after purchasing an additional 83 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of CrowdStrike by 440.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 135 shares of the company’s stock valued at $28,000 after purchasing an additional 110 shares during the period. 63.85% of the stock is currently owned by hedge funds and other institutional investors.
About CrowdStrike
CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. The company offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.