CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price objective hoisted by equities researchers at Jefferies Financial Group from $410.00 to $520.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price objective would suggest a potential upside of 12.33% from the stock's previous close.

Several other equities analysts have also recently commented on the stock. Canaccord Genuity Group reaffirmed a "hold" rating and set a $475.00 price target (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Susquehanna increased their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a research note on Wednesday, March 5th. Morgan Stanley increased their price objective on shares of CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, JMP Securities reiterated a "market outperform" rating and set a $500.00 price objective on shares of CrowdStrike in a research note on Wednesday. Two investment 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $449.38.

CrowdStrike Stock Up 0.5%

NASDAQ CRWD traded up $2.38 during trading hours 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. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $491.20. The company has a market capitalization of $114.75 billion, a price-to-earnings 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. The firm's 50 day moving average is $410.85 and its 200 day moving average is $386.40.

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

Insiders Place Their Bets

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 value of $1,588,500.00. Following the completion of the transaction, the insider now directly owns 89,714 shares of the company's stock, valued at $31,669,042. This trade represents a 4.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares of the company's stock, valued at $248,984,702.72. This represents 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 three months. Corporate insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after acquiring an additional 908,554 shares in the last quarter. Jennison Associates LLC increased its holdings in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares in the last quarter. Geode Capital Management LLC increased its holdings in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Norges Bank purchased a new stake in CrowdStrike in the 4th quarter worth $1,111,542,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in CrowdStrike by 52.6% in 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 worth $977,149,000 after acquiring an additional 955,529 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

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.