Piper Sandler Trims CrowdStrike (NASDAQ:CRWD) Target Price to $310.00

CrowdStrike (NASDAQ:CRWD) had its target price lowered by Piper Sandler from $400.00 to $310.00 in a research report report published on Monday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

CRWD has been the topic of a number of other reports. Oppenheimer raised their target price on shares of CrowdStrike from $355.00 to $400.00 and gave the company an outperform rating in a research note on Wednesday, June 5th. FBN Securities upgraded shares of CrowdStrike to a strong-buy rating in a report on Wednesday, June 5th. Cantor Fitzgerald reiterated an overweight rating and issued a $400.00 price target on shares of CrowdStrike in a report on Friday, June 21st. Royal Bank of Canada reissued an outperform rating and set a $420.00 price objective on shares of CrowdStrike in a research report on Wednesday, June 5th. Finally, Morgan Stanley raised their price objective on CrowdStrike from $372.00 to $422.00 and gave the company an overweight rating in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $359.16.

CrowdStrike Trading Down 4.0 %

Shares of CrowdStrike stock opened at $258.14 on Monday. CrowdStrike has a 12-month low of $140.52 and a 12-month high of $398.33. The company has a market cap of $62.82 billion, a price-to-earnings ratio of 487.06, a PEG ratio of 13.30 and a beta of 1.10. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $357.65 and its 200-day moving average price is $326.53.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company 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 expect that CrowdStrike will post 0.9 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the sale, the insider now owns 204,961 shares in the company, valued at approximately $68,358,592.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the sale, the insider now owns 204,961 shares in the company, valued at approximately $68,358,592.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,662 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,675 shares of company stock worth $76,931,522. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the business. CHURCHILL MANAGEMENT Corp purchased a new stake in CrowdStrike in the fourth quarter worth $1,228,000. Financial Counselors Inc. grew its position in shares of CrowdStrike by 3.9% during the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after buying an additional 50 shares in the last quarter. Highland Capital Management LLC grew its position in shares of CrowdStrike by 0.6% during the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after buying an additional 181 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of CrowdStrike during the 4th quarter worth $58,000. Finally, Saxony Capital Management LLC bought a new position in shares of CrowdStrike during the 4th quarter worth $1,756,000. Hedge funds and other 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.