CrowdStrike (NASDAQ:CRWD) Given New $495.00 Price Target at Stifel Nicolaus

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its target price raised by investment analysts at Stifel Nicolaus from $480.00 to $495.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 6.93% from the stock's current price.

A number of other equities research analysts also recently issued reports on the company. Wells Fargo & Company boosted their price target on CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a research note on Monday. Royal Bank of Canada boosted their price target on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Scotiabank boosted their price objective on CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research note on Wednesday. Finally, Bank of America reiterated a "neutral" rating and set a $470.00 price objective (up from $420.00) on shares of CrowdStrike in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus price target of $449.38.

CrowdStrike Stock Up 0.5%

Shares of 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. The firm has a fifty day moving average price of $410.85 and a 200-day moving average price of $386.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock 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. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results 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. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. CrowdStrike's revenue was up 19.8% on a year-over-year basis. On average, equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the 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 completion of the transaction, the director now directly owns 768,092 shares of the company's stock, valued at approximately $248,984,702.72. This represents a 0.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred 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 directly owns 89,714 shares of the company's stock, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 211,681 shares of company stock valued at $87,081,236. Corporate insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently bought and sold shares of CRWD. Cloud Capital Management LLC purchased a new position in CrowdStrike in the 1st quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC increased its stake in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. Vision Financial Markets LLC purchased a new position in CrowdStrike in the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. increased its stake in 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 in the last quarter. Finally, FPC Investment Advisory Inc. increased its stake in 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 in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.