KeyCorp Boosts CrowdStrike (NASDAQ:CRWD) Price Target to $440.00

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by KeyCorp from $380.00 to $440.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

CRWD has been the subject of a number of other research reports. Jefferies Financial Group boosted their price target on CrowdStrike from $375.00 to $400.00 and gave the company a buy rating in a report on Wednesday, March 6th. Truist Financial boosted their price target on CrowdStrike from $350.00 to $400.00 and gave the company a buy rating in a report on Wednesday, March 6th. HSBC upped their target price on CrowdStrike from $411.00 to $412.00 and gave the stock a buy rating in a report on Wednesday, March 6th. JMP Securities restated a market outperform rating and set a $400.00 target price on shares of CrowdStrike in a report on Tuesday, May 14th. Finally, Cantor Fitzgerald restated an overweight rating and set a $400.00 target price on shares of CrowdStrike in a report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $382.35.

CrowdStrike Stock Up 0.6 %

Shares of NASDAQ:CRWD opened at $387.18 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $94.22 billion, a PE ratio of 730.54, a price-to-earnings-growth ratio of 19.41 and a beta of 1.10. The business has a 50 day simple moving average of $347.10 and a two-hundred day simple moving average of $316.72. CrowdStrike has a 1 year low of $139.37 and a 1 year high of $394.64.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. On average, equities analysts predict that CrowdStrike will post 0.9 EPS for the current year.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO George Kurtz sold 56,279 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the sale, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,675 shares of company stock valued at $76,681,402. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after acquiring an additional 315,280 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after acquiring an additional 1,581,796 shares in the last quarter. Morgan Stanley boosted its stake in shares of CrowdStrike by 124.4% during the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after acquiring an additional 2,757,251 shares in the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike during the 4th quarter worth about $683,336,000. Finally, First Trust Advisors LP boosted its stake in shares of 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 in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.