KeyCorp Lowers CrowdStrike (NASDAQ:CRWD) Price Target to $376.00

CrowdStrike (NASDAQ:CRWD - Free Report) had its target price decreased by KeyCorp from $430.00 to $376.00 in a report published on Thursday morning, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the company. Evercore ISI increased their price objective on CrowdStrike from $255.00 to $405.00 and gave the company an outperform rating in a research report on Wednesday, March 6th. Rosenblatt Securities reaffirmed a buy rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Monday, April 8th. Sanford C. Bernstein began coverage on CrowdStrike in a research report on Thursday, January 18th. They set an outperform rating and a $334.00 price objective on the stock. Cantor Fitzgerald reissued an overweight rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Wednesday. Finally, Westpark Capital reissued a hold rating on shares of CrowdStrike in a research report on Wednesday, January 17th. One analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $371.87.

CrowdStrike Stock Up 0.1 %

Shares of NASDAQ:CRWD traded up $0.41 on Thursday, hitting $294.10. 2,098,623 shares of the company traded hands, compared to its average volume of 3,625,750. CrowdStrike has a 52 week low of $115.67 and a 52 week high of $365.00. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $318.65 and a 200-day simple moving average of $262.91. The company has a market cap of $71.13 billion, a PE ratio of 816.97, a PEG ratio of 11.96 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The company had revenue of $845.34 million for the quarter, compared to analysts' expectations of $839.08 million. As a group, research analysts expect that CrowdStrike will post 1.12 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now owns 208,961 shares of the company's stock, valued at approximately $64,525,067.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the sale, the insider now owns 208,961 shares of the company's stock, valued at $64,525,067.19. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 18,747 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $6,107,772.60. Following the completion of the sale, the president now directly owns 382,958 shares of the company's stock, valued at approximately $124,767,716.40. The disclosure for this sale can be found here. Insiders have sold a total of 223,544 shares of company stock worth $72,113,932 over the last quarter. Company insiders own 5.68% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors have recently added to or reduced their stakes in the business. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of CrowdStrike by 2.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company's stock worth $934,000 after purchasing an additional 141 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in shares of CrowdStrike in the fourth quarter worth about $1,228,000. Financial Counselors Inc. raised its stake in shares of CrowdStrike by 3.9% in the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company's stock worth $344,000 after purchasing an additional 50 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in shares of CrowdStrike by 17.1% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company's stock worth $40,647,000 after purchasing an additional 23,265 shares during the last quarter. Finally, Highland Capital Management LLC raised its stake in shares of CrowdStrike by 0.6% in the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company's stock worth $8,286,000 after purchasing an additional 181 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.