CrowdStrike (NASDAQ:CRWD) Price Target Raised to $345.00 at Jefferies Financial Group

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its target price boosted by equities researchers at Jefferies Financial Group from $315.00 to $345.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price target would indicate a potential upside of 19.57% from the stock's previous close.

Several other analysts have also recently weighed in on the stock. Truist Financial reissued a "buy" rating and issued a $325.00 price target on shares of CrowdStrike in a research note on Wednesday, August 28th. Barclays increased their price objective on CrowdStrike from $285.00 to $295.00 and gave the stock an "overweight" rating in a research report on Thursday, August 29th. Canaccord Genuity Group reduced their target price on CrowdStrike from $340.00 to $330.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Raymond James lowered their price target on CrowdStrike from $380.00 to $275.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. Finally, Royal Bank of Canada reduced their price objective on shares of CrowdStrike from $345.00 to $335.00 and set an "outperform" rating on the stock in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $326.50.

CrowdStrike Price Performance

Shares of CRWD stock traded down $4.60 during trading hours on Tuesday, reaching $288.54. The company had a trading volume of 4,105,500 shares, compared to its average volume of 5,369,255. CrowdStrike has a 12-month low of $157.59 and a 12-month high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $70.22 billion, a price-to-earnings ratio of 544.42, a PEG ratio of 16.14 and a beta of 1.09. The stock has a fifty day moving average of $262.61 and a 200-day moving average of $311.78.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results 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. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million during the quarter, compared to analysts' expectations of $958.27 million. During the same period in the prior year, the business earned $0.06 EPS. The firm's quarterly revenue was up 31.7% on a year-over-year basis. On average, equities analysts anticipate that CrowdStrike will post 0.56 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the transaction, the insider now directly owns 183,091 shares of the company's stock, valued at approximately $67,985,350.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares of the company's stock, valued at $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the transaction, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,500 shares of company stock worth $13,301,815. 4.34% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company's stock worth $5,149,124,000 after buying an additional 315,280 shares during the period. First Trust Advisors LP lifted its position in CrowdStrike by 19.3% during the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company's stock worth $565,461,000 after acquiring an additional 358,945 shares during the period. Legal & General Group Plc grew its stake in shares of CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company's stock valued at $785,425,000 after purchasing an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of CrowdStrike by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company's stock valued at $696,471,000 after purchasing an additional 77,100 shares during the period. Finally, Pathstone Holdings LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth approximately $450,418,000. Institutional investors and hedge funds 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.