CrowdStrike (NASDAQ:CRWD) Price Target Increased to $225.00 by Analysts at Barclays

CrowdStrike (NASDAQ:CRWDGet Rating) had its target price hoisted by Barclays from $215.00 to $225.00 in a research note issued to investors on Wednesday morning, The Fly reports.

Other equities research analysts have also issued research reports about the stock. Stephens initiated coverage on shares of CrowdStrike in a report on Friday, June 3rd. They issued a buy rating and a $232.00 price target for the company. Cowen cut their price target on shares of CrowdStrike to $220.00 in a report on Friday, June 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of CrowdStrike from $270.00 to $225.00 in a report on Friday, June 3rd. UBS Group dropped their target price on shares of CrowdStrike from $285.00 to $240.00 and set a buy rating for the company in a report on Thursday, May 19th. Finally, Mizuho dropped their target price on shares of CrowdStrike from $270.00 to $220.00 and set a buy rating for the company in a report on Wednesday, May 18th. Twenty-six analysts have rated the stock with a buy rating, Based on data from MarketBeat, CrowdStrike has an average rating of Buy and a consensus price target of $250.89.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $193.30 on Wednesday. The firm has a market cap of $44.86 billion, a PE ratio of -244.68 and a beta of 1.28. The firm has a fifty day moving average of $185.94 and a 200 day moving average of $186.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.83 and a current ratio of 1.83. CrowdStrike has a one year low of $130.00 and a one year high of $298.48.

CrowdStrike (NASDAQ:CRWDGet Rating) last issued its quarterly earnings results on Thursday, June 2nd. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.06. The company had revenue of $487.83 million during the quarter, compared to analyst estimates of $464.35 million. CrowdStrike had a negative net margin of 11.08% and a negative return on equity of 14.50%. The firm’s revenue was up 61.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) EPS. As a group, research analysts predict that CrowdStrike will post -0.67 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CFO Burt W. Podbere sold 11,438 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The shares were 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 $51,718,486.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Burt W. Podbere sold 11,438 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The shares were 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 $51,718,486.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $11,827,154.80. Following the sale, the chief executive officer now owns 958,309 shares in the company, valued at $158,456,393.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,782 shares of company stock valued at $17,581,741. 6.82% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Large investors have recently made changes to their positions in the company. 1832 Asset Management L.P. purchased a new position in CrowdStrike in the first quarter valued at approximately $384,930,000. Norges Bank purchased a new position in CrowdStrike in the fourth quarter valued at approximately $348,527,000. Tiger Global Management LLC increased its stake in CrowdStrike by 16.9% in the first quarter. Tiger Global Management LLC now owns 8,808,818 shares of the company’s stock valued at $2,000,306,000 after purchasing an additional 1,271,818 shares during the last quarter. Clearbridge Investments LLC increased its stake in CrowdStrike by 69.3% in the first quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company’s stock valued at $524,750,000 after purchasing an additional 945,703 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in CrowdStrike by 34.2% in the second quarter. JPMorgan Chase & Co. now owns 2,935,667 shares of the company’s stock valued at $494,836,000 after purchasing an additional 748,332 shares during the last quarter. 67.43% of the stock is currently owned by hedge funds and other institutional investors.

About CrowdStrike

(Get Rating)

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.

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