CrowdStrike (NASDAQ:CRWD) Price Target Raised to $540.00

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price objective boosted by analysts at Stephens from $450.00 to $540.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Stephens' target price would suggest a potential upside of 16.65% from the company's previous close.

CRWD has been the topic of a number of other reports. Roth Capital began coverage on shares of CrowdStrike in a research note on Wednesday, April 23rd. They set a "buy" rating and a $410.00 price objective on the stock. Needham & Company LLC increased their price objective on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday. Truist Financial dropped their price objective on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. BMO Capital Markets increased their price objective on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $449.38.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $2.38 during mid-day trading on Wednesday, hitting $462.94. 6,174,926 shares of the company's stock traded hands, compared to its average volume of 5,115,577. The company's 50-day moving average is $410.85 and its two-hundred day moving average is $386.40. 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 company has a market capitalization of $114.75 billion, a P/E ratio of 907.74, a PEG ratio of 17.86 and a beta of 1.22. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $491.20.

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, topping 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 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. On average, equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $484.59, for a total transaction of $3,028,687.50. Following the transaction, the director now directly owns 755,592 shares in the company, valued at approximately $366,152,327.28. The trade was 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 the SEC website. Also, Director Gerhard Watzinger sold 10,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the transaction, the director now owns 29,500 shares in the company, valued at $14,425,500. The trade was a 25.32% 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 90 days. Corporate insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cloud Capital Management LLC acquired a new position in CrowdStrike in the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC increased its stake in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the period. Vision Financial Markets LLC purchased a new stake in shares of CrowdStrike in the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Finally, FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. 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.