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

Several analysts have issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of CrowdStrike from $250.00 to $205.00 in a research report on Friday, June 3rd. Barclays raised their price target on shares of CrowdStrike from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, June 3rd. Canaccord Genuity Group decreased their price target on shares of CrowdStrike from $260.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, May 19th. Morgan Stanley raised shares of CrowdStrike from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $195.00 to $215.00 in a research report on Monday, June 6th. Finally, The Goldman Sachs Group raised shares of CrowdStrike from a "neutral" rating to a "buy" rating and raised their price target for the stock from $241.00 to $285.00 in a research report on Tuesday, April 12th. Twenty-six analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $249.46.

CrowdStrike Trading Up 1.0 %

CRWD traded up $1.93 during trading on Friday, reaching $191.17. The company had a trading volume of 2,750,975 shares, compared to its average volume of 2,947,145. The firm's 50-day simple moving average is $175.99 and its 200 day simple moving average is $183.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market cap of $44.36 billion, a price-to-earnings ratio of -241.99 and a beta of 1.28. CrowdStrike has a 12-month low of $130.00 and a 12-month high of $298.48.

CrowdStrike (NASDAQ:CRWD - Get Rating) last released its quarterly earnings data on Thursday, June 2nd. The company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.06. The firm had revenue of $487.83 million for the quarter, compared to the consensus estimate 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 revenue was up 61.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.14) earnings per share. Equities research analysts anticipate that CrowdStrike will post -0.63 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Shawn Henry sold 8,713 shares of the firm's stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $165.03, for a total value of $1,437,906.39. Following the completion of the transaction, the insider now directly owns 185,584 shares of the company's stock, valued at $30,626,927.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 8,713 shares of the 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 directly owns 185,584 shares in the company, valued at $30,626,927.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 11,438 shares of the stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $165.22, for a total value of $1,889,786.36. Following the transaction, the chief financial officer now owns 313,028 shares of the company's stock, valued at $51,718,486.16. The disclosure for this sale can be found here. Insiders sold a total of 91,679 shares of company stock valued at $15,154,848 over the last ninety days. 6.82% of the stock is owned by company insiders.