Deutsche Bank Aktiengesellschaft Raises CrowdStrike (NASDAQ:CRWD) Price Target to $230.00

CrowdStrike (NASDAQ:CRWDGet Rating) had its price objective raised by Deutsche Bank Aktiengesellschaft from $225.00 to $230.00 in a report released on Wednesday morning, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

CRWD has been the subject of a number of other research reports. TheStreet raised shares of CrowdStrike from a d rating to a c- rating in a research report on Wednesday, August 17th. Jefferies Financial Group reiterated a buy rating and set a $215.00 price objective on shares of CrowdStrike in a research note on Tuesday. Wells Fargo & Company decreased their price objective on shares of CrowdStrike from $275.00 to $250.00 and set an overweight rating for the company in a research note on Friday, June 3rd. Needham & Company LLC boosted their target price on shares of CrowdStrike from $210.00 to $225.00 and gave the stock a buy rating in a research report on Wednesday. Finally, UBS Group cut their price target on shares of CrowdStrike from $285.00 to $240.00 and set a buy rating on the stock in a report on Thursday, May 19th. One investment analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $241.22.

CrowdStrike Trading Down 0.3 %

NASDAQ CRWD opened at $172.45 on Wednesday. CrowdStrike has a 12 month low of $130.00 and a 12 month 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 $40.02 billion, a price-to-earnings ratio of -218.29 and a beta of 1.28. The firm’s fifty day moving average price is $186.28 and its 200 day moving average price is $186.10.

CrowdStrike (NASDAQ:CRWDGet Rating) last issued its earnings results on Tuesday, August 30th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.08. The business had revenue of $535.15 million for the quarter, compared to the consensus estimate of $516.44 million. CrowdStrike had a negative net margin of 11.08% and a negative return on equity of 14.50%. The business’s quarterly revenue was up 58.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. On average, sell-side analysts expect that CrowdStrike will post -0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 12,103 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $200.52, for a total transaction of $2,426,893.56. Following the completion of the sale, the insider now owns 180,252 shares of the company’s stock, valued at approximately $36,144,131.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Shawn Henry sold 12,103 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $200.52, for a total value of $2,426,893.56. Following the transaction, the insider now owns 180,252 shares in the company, valued at $36,144,131.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 11,438 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $165.22, for a total value of $1,889,786.36. Following the completion of the sale, the chief financial officer now directly owns 313,028 shares in the company, valued at $51,718,486.16. The disclosure for this sale can be found here. Insiders sold a total of 103,782 shares of company stock valued at $17,581,741 in the last quarter. 6.82% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently modified their holdings of CRWD. Bank of New Hampshire purchased a new position in CrowdStrike in the first quarter worth $30,000. Massmutual Trust Co. FSB ADV increased its stake in CrowdStrike by 159.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 135 shares of the company’s stock worth $28,000 after acquiring an additional 83 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in CrowdStrike by 440.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 135 shares of the company’s stock worth $28,000 after acquiring an additional 110 shares during the last quarter. Core Alternative Capital increased its position in shares of CrowdStrike by 2,233.3% during the 1st quarter. Core Alternative Capital now owns 140 shares of the company’s stock valued at $32,000 after purchasing an additional 134 shares during the last quarter. Finally, MUFG Americas Holdings Corp bought a new position in shares of CrowdStrike during the 4th quarter valued at about $30,000. Institutional investors own 67.43% of the company’s stock.

CrowdStrike Company Profile

(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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