Mizuho Forecasts Strong Price Appreciation for CrowdStrike (NASDAQ:CRWD) Stock

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price objective lifted by Mizuho from $425.00 to $450.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Mizuho's price target points to a potential downside of 2.80% from the company's current price.

Several other analysts also recently issued reports on CRWD. Cantor Fitzgerald lifted their target price on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Wells Fargo & Company boosted their target price on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Stifel Nicolaus set a $480.00 price target on CrowdStrike and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Oppenheimer boosted their price objective on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $449.38.

CrowdStrike Stock Performance

Shares of CRWD stock traded up $2.38 during trading hours on Wednesday, reaching $462.94. 6,174,926 shares of the company traded hands, compared to its average volume of 5,115,577. The firm has a 50-day moving average price of $410.85 and a 200 day moving average price of $386.40. The company has a market cap of $114.75 billion, a P/E ratio of 907.74, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The company's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. As a group, sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares of the company's stock, valued at $31,669,042. This represents a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares of the company's stock, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 211,681 shares of company stock valued at $87,081,236 over the last ninety days. 3.32% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike during the first quarter worth $25,000. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new position in shares of CrowdStrike during the first quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Finally, FPC Investment Advisory Inc. raised its holdings in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds 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.