Barclays Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD - Free Report) had its price objective hoisted by Barclays from $295.00 to $372.00 in a report issued on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently weighed in on the company. The Goldman Sachs Group decreased their price objective on CrowdStrike from $400.00 to $295.00 and set a "buy" rating for the company in a report on Thursday, August 15th. JMP Securities restated a "market outperform" rating and set a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. KeyCorp increased their price objective on CrowdStrike from $300.00 to $345.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, DA Davidson reissued a "buy" rating and issued a $310.00 target price on shares of CrowdStrike in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $331.90.

CrowdStrike Trading Up 1.8 %

Shares of NASDAQ CRWD traded up $6.22 during trading on Monday, hitting $342.97. 2,378,319 shares of the company were exchanged, compared to its average volume of 5,012,240. The firm has a market capitalization of $84.07 billion, a PE ratio of 497.06, a P/E/G ratio of 22.77 and a beta of 1.10. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $398.33. The company has a fifty day moving average price of $297.79 and a 200-day moving average price of $310.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike's revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. As a group, equities research analysts expect that CrowdStrike will post 0.52 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 10,776 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the transaction, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. This trade represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now owns 120,298 shares of the company's stock, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 in the last ninety days. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently made changes to their positions in CRWD. Quent Capital LLC raised its holdings in CrowdStrike by 59.9% during the first quarter. Quent Capital LLC now owns 235 shares of the company's stock worth $75,000 after purchasing an additional 88 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new position in CrowdStrike in the first quarter worth approximately $273,000. Edgestream Partners L.P. acquired a new position in CrowdStrike in the first quarter worth approximately $839,000. O Shaughnessy Asset Management LLC grew its position in CrowdStrike by 46.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 13,022 shares of the company's stock worth $4,175,000 after buying an additional 4,110 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its position in CrowdStrike by 88.2% in the first quarter. UniSuper Management Pty Ltd now owns 3,200 shares of the company's stock worth $1,026,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.