CrowdStrike - CRWD Stock Forecast, Price & News

CrowdStrike Holdings, Inc. provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners. It serves customers worldwide. The company was incorporated in 2011 and is based in Austin, Texas.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CRWD. Piper Sandler dropped their target price on CrowdStrike from $250.00 to $230.00 and set an "overweight" rating on the stock in a report on Friday, June 3rd. DA Davidson dropped their price objective on CrowdStrike from $280.00 to $235.00 and set a "buy" rating for the company in a research note on Friday, June 3rd. Oppenheimer decreased their price target on CrowdStrike from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, June 3rd. Stifel Nicolaus reduced their target price on CrowdStrike from $250.00 to $205.00 in a report on Friday, June 3rd. Finally, Wells Fargo & Company dropped their price target on CrowdStrike from $275.00 to $250.00 and set an "overweight" rating on the stock in a research report on Friday, June 3rd. Twenty-seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $250.17.

CrowdStrike Price Performance

CRWD Stock traded down $2.00 during trading on Tuesday, hitting $199.82. The company had a trading volume of 3,514 shares, compared to its average volume of 2,837,404. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average of $179.68 and a 200 day moving average of $185.06. CrowdStrike has a fifty-two week low of $130.00 and a fifty-two week high of $298.48. The firm has a market capitalization of $46.37 billion, a price-to-earnings ratio of -255.47 and a beta of 1.28.

CrowdStrike (NASDAQ:CRWD - Get Rating) last announced its quarterly earnings results on Thursday, June 2nd. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.06. The business had revenue of $487.83 million during the quarter, compared to analysts' expectations of $464.35 million. CrowdStrike had a negative return on equity of 14.50% and a negative net margin of 11.08%. The firm's quarterly revenue was up 61.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.14) EPS. As a group, research analysts predict that CrowdStrike will post -0.63 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 8,713 shares of CrowdStrike stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $165.03, for a total transaction of $1,437,906.39. Following the completion of the transaction, the insider now directly owns 185,584 shares in the company, valued at approximately $30,626,927.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Shawn Henry sold 8,713 shares of the business's stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $165.03, for a total transaction of $1,437,906.39. Following the completion of the transaction, the insider now owns 185,584 shares of the company's stock, valued at approximately $30,626,927.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George Kurtz sold 71,528 shares of the company's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $165.35, for a total value of $11,827,154.80. Following the completion of the sale, the chief executive officer now owns 958,309 shares in the company, valued at approximately $158,456,393.15. The disclosure for this sale can be found here. Insiders have sold a total of 103,782 shares of company stock valued at $17,581,741 over the last 90 days. 6.82% of the stock is owned by company insiders.