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 research analysts have recently issued reports on CRWD shares. Cowen decreased their price target on CrowdStrike to $220.00 in a research note on Friday, June 3rd. Oppenheimer decreased their target price on CrowdStrike from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, June 3rd. Wells Fargo & Company decreased their target price on CrowdStrike from $275.00 to $250.00 and set an "overweight" rating for the company in a research note on Friday, June 3rd. Stephens initiated coverage on CrowdStrike in a research note on Friday, June 3rd. They set a "buy" rating and a $232.00 target price for the company. Finally, Morgan Stanley raised CrowdStrike from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $195.00 to $215.00 in a research note on Monday, June 6th. Twenty-six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $249.46.
CrowdStrike Trading Down 1.4 %
Shares of CRWD opened at $198.06 on Friday. CrowdStrike has a 1-year low of $130.00 and a 1-year high of $298.48. The company has a 50-day moving average of $177.76 and a 200 day moving average of $183.98. The firm has a market capitalization of $45.96 billion, a price-to-earnings ratio of -250.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.83 and a quick ratio of 1.83.
CrowdStrike (NASDAQ:CRWD - Get Rating) last posted 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. CrowdStrike had a negative net margin of 11.08% and a negative return on equity of 14.50%. The business had revenue of $487.83 million during the quarter, compared to analyst estimates of $464.35 million. During the same quarter in the previous year, the business posted ($0.14) EPS. The company's quarterly revenue was up 61.1% compared to the same quarter last year. On average, research analysts expect that CrowdStrike will post -0.63 EPS for the current year.
Insider Activity
In other news, insider Shawn Henry sold 8,713 shares of CrowdStrike stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $165.03, for a total value of $1,437,906.39. Following the transaction, the insider now owns 185,584 shares of the company's stock, valued at approximately $30,626,927.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Shawn Henry sold 8,713 shares of CrowdStrike stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $165.03, for a total value of $1,437,906.39. Following the transaction, the insider now owns 185,584 shares of the company's stock, valued at approximately $30,626,927.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Burt W. Podbere sold 11,438 shares of the business's stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $165.22, for a total transaction of $1,889,786.36. Following the sale, the chief financial officer now directly owns 313,028 shares in the company, valued at approximately $51,718,486.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,679 shares of company stock worth $15,154,848. 6.82% of the stock is currently owned by corporate insiders.