CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, Truist Financial Analyst Says

CrowdStrike (NASDAQ:CRWD - Free Report) had its price target boosted by Truist Financial from $325.00 to $375.00 in a report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also weighed in on the stock. BMO Capital Markets lifted their target price on shares of CrowdStrike from $290.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, August 29th. Oppenheimer dropped their target price on CrowdStrike from $450.00 to $365.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. Stifel Nicolaus decreased their price target on CrowdStrike from $400.00 to $300.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Raymond James dropped their price objective on CrowdStrike from $380.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Finally, Needham & Company LLC assumed coverage on shares of CrowdStrike in a research note on Monday, September 23rd. They issued a "buy" rating and a $360.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $331.90.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $6.22 during trading hours on Monday, hitting $342.97. 2,385,224 shares of the company traded hands, compared to its average volume of 5,012,261. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $398.33. The firm has a 50-day moving average of $297.79 and a 200 day moving average of $310.36. The stock has a market capitalization of $84.07 billion, a price-to-earnings ratio of 497.06, a P/E/G ratio of 22.77 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company's quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. On average, analysts forecast that CrowdStrike will post 0.52 EPS for the current year.

Insider Activity at CrowdStrike

In related news, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares of the company's stock, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares in the company, 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 sold a total of 108,248 shares of company stock worth $32,465,110 in the last quarter. Corporate insiders own 4.34% of the company's stock.

Institutional Trading of CrowdStrike

Institutional investors have recently made changes to their positions in the business. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike during the 2nd quarter worth about $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike during the third quarter worth about $28,000. Tsfg LLC raised its holdings in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company's stock worth $29,000 after acquiring an additional 89 shares in the last quarter. Family Firm Inc. acquired a new position in CrowdStrike during the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC acquired a new position in shares of CrowdStrike during the 3rd quarter worth approximately $32,000. Institutional investors own 71.16% of the company's stock.

CrowdStrike Company Profile

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.