Roth Capital Increases CrowdStrike (NASDAQ:CRWD) Price Target to $420.00

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price objective upped by stock analysts at Roth Capital from $410.00 to $420.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Roth Capital's price objective would indicate a potential downside of 9.28% from the company's previous close.

Several other research analysts also recently weighed in on the stock. Oppenheimer upped their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a report on Wednesday. Jefferies Financial Group increased their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a research report on Wednesday. UBS Group restated a "buy" rating on shares of CrowdStrike in a research report on Tuesday. Raymond James reaffirmed an "outperform" rating and issued a $485.00 target price (up from $390.00) on shares of CrowdStrike in a research note on Wednesday. Finally, Stifel Nicolaus lifted their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $449.38.

CrowdStrike Trading Up 0.5%

NASDAQ CRWD traded up $2.38 on Wednesday, hitting $462.94. The company's stock had a trading volume of 6,174,926 shares, compared to its average volume of 5,115,577. The company's 50-day moving average is $410.85 and its 200 day moving average is $386.40. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $491.20. The firm has a market cap of $114.75 billion, a PE ratio of 907.74, a PEG ratio of 17.86 and a beta of 1.22.

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

Insider Buying and Selling at CrowdStrike

In other news, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total value of $4,890,000.00. Following the transaction, the director now owns 29,500 shares in the company, valued at $14,425,500. This represents a 25.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was 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 directly 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 211,681 shares of company stock worth $87,081,236. Company insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in CRWD. Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after purchasing an additional 908,554 shares in the last quarter. Jennison Associates LLC lifted its position in shares of CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank bought a new stake in shares of CrowdStrike during the fourth quarter worth $1,111,542,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in CrowdStrike by 52.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock valued at $977,149,000 after purchasing an additional 955,529 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

About CrowdStrike

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.