CrowdStrike (NASDAQ:CRWD) Price Target Raised to $510.00

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price objective hoisted by stock analysts at Royal Bank of Canada from $500.00 to $510.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank of Canada's target price points to a potential upside of 10.17% from the company's current price.

Several other equities analysts have also recently weighed in on CRWD. Stifel Nicolaus set a $480.00 price objective on CrowdStrike and gave the company a "buy" rating in a report on Thursday, May 22nd. Barclays set a $500.00 target price on CrowdStrike in a research note on Tuesday. DA Davidson boosted their target price on CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. DZ Bank downgraded CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price for the company. in a research note on Thursday, May 22nd. Finally, Wedbush boosted their target price on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $449.38.

CrowdStrike Price Performance

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

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. As a group, analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value 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 approximately $31,669,042. This represents a 4.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now directly owns 768,092 shares of the company's stock, valued at $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 211,681 shares of company stock worth $87,081,236 in the last ninety days. Corporate insiders own 3.32% 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 stock. FSA Wealth Management LLC grew its stake in CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after purchasing an additional 23 shares during the period. Jacobi Capital Management LLC grew its stake in CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after purchasing an additional 25 shares during the period. Tradewinds Capital Management LLC grew its stake in CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after purchasing an additional 25 shares during the period. Close Asset Management Ltd grew its stake in CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after purchasing an additional 25 shares during the period. Finally, Ramirez Asset Management Inc. grew its stake in CrowdStrike by 5.9% in the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after purchasing an additional 25 shares during the period. 71.16% of the stock is owned by hedge funds and other 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.