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

CRWD has been the topic of several analyst reports. Royal Bank of Canada dropped their target price on CrowdStrike from $275.00 to $225.00 in a report on Tuesday, May 31st. Wells Fargo & Company dropped their target price on CrowdStrike from $275.00 to $250.00 and set an "overweight" rating on the stock in a report on Friday, June 3rd. Barclays raised their price objective on CrowdStrike from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, June 3rd. Canaccord Genuity Group dropped their price objective on CrowdStrike from $260.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 19th. Finally, Oppenheimer dropped their price objective on CrowdStrike from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, June 3rd. Twenty-seven research analysts have rated the stock with a buy rating, According to MarketBeat, CrowdStrike has a consensus rating of "Buy" and an average price target of $250.17.

CrowdStrike Trading Down 0.4 %

CrowdStrike stock traded down $0.74 during trading on Monday, reaching $200.13. 46,596 shares of the company were exchanged, compared to its average volume of 4,608,748. CrowdStrike has a 52-week low of $130.00 and a 52-week high of $298.48. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $46.44 billion, a P/E ratio of -251.97 and a beta of 1.28. The stock's 50 day simple moving average is $179.02 and its two-hundred day simple moving average is $184.83.

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

Insider Activity

In related 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 directly 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 at the SEC website. In related news, CEO George Kurtz sold 71,528 shares of the company's stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $165.35, for a total value of $11,827,154.80. Following the sale, the chief executive officer now owns 958,309 shares in the company, valued at approximately $158,456,393.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 8,713 shares of the stock in a transaction 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 sale, the insider now owns 185,584 shares in the company, valued at approximately $30,626,927.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,782 shares of company stock valued at $17,581,741. 6.82% of the stock is currently owned by corporate insiders.