Rosenblatt Securities Boosts CrowdStrike (NASDAQ:CRWD) Price Target to $515.00

CrowdStrike (NASDAQ:CRWD - Free Report) had its price objective lifted by Rosenblatt Securities from $450.00 to $515.00 in a report published on Monday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on the company. Cantor Fitzgerald raised their target price on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Canaccord Genuity Group upped their price objective on shares of CrowdStrike from $370.00 to $420.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Raymond James cut CrowdStrike from an "outperform" rating to a "cautious" rating in a report on Monday, March 10th. DZ Bank lowered CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective on the stock. in a research report on Thursday, May 22nd. Finally, Bank of America upped their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $449.38.

CrowdStrike Stock Up 0.2%

Shares of CRWD stock traded up $0.97 during trading hours on Monday, reaching $461.53. 4,552,297 shares of the stock were exchanged, compared to its average volume of 4,066,487. The firm has a market capitalization of $114.40 billion, a P/E ratio of 904.97, a P/E/G ratio of 17.86 and a beta of 1.22. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $491.20. 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 business's fifty day moving average is $410.85 and its two-hundred day moving average is $386.40.

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

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $484.59, for a total transaction of $3,028,687.50. Following the completion of the transaction, the director now directly owns 755,592 shares in the company, valued at $366,152,327.28. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction, 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 disclosure for this sale can be found here. Insiders sold 211,681 shares of company stock valued at $87,081,236 over the last quarter. Corporate insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in CrowdStrike in the first quarter worth about $25,000. Vision Financial Markets LLC acquired a new stake in CrowdStrike in the first quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC increased its position in CrowdStrike by 114.3% in 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 period. E Fund Management Hong Kong Co. Ltd. increased its position in CrowdStrike by 305.3% in 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 period. Finally, FPC Investment Advisory Inc. increased its position in CrowdStrike by 811.1% in 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 period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.