CrowdStrike (NASDAQ:CRWD) Price Target Cut to $325.00 by Analysts at Truist Financial

CrowdStrike (NASDAQ:CRWD) had its price target decreased by Truist Financial from $400.00 to $325.00 in a research note issued to investors on Tuesday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

CRWD has been the subject of a number of other research reports. FBN Securities raised CrowdStrike to a strong-buy rating in a report on Wednesday, June 5th. BMO Capital Markets cut their price objective on CrowdStrike from $425.00 to $410.00 and set an outperform rating for the company in a report on Wednesday, June 5th. Guggenheim lowered CrowdStrike from a buy rating to a neutral rating in a report on Monday. Royal Bank of Canada cut their price objective on CrowdStrike from $420.00 to $380.00 and set an outperform rating for the company in a report on Monday. Finally, Canaccord Genuity Group reaffirmed a buy rating and issued a $405.00 price objective on shares of CrowdStrike in a report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $359.16.

CrowdStrike Stock Down 1.5 %

Shares of NASDAQ:CRWD opened at $254.15 on Tuesday. The stock has a fifty day simple moving average of $355.96 and a two-hundred day simple moving average of $326.03. The stock has a market capitalization of $61.85 billion, a price-to-earnings ratio of 479.54, a PEG ratio of 13.55 and a beta of 1.10. CrowdStrike has a 12-month low of $140.52 and a 12-month high of $398.33. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data 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 company had revenue of $921.04 million for 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, research analysts anticipate that CrowdStrike will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO George Kurtz sold 56,279 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the transaction, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders have sold a total of 219,675 shares of company stock valued at $76,931,522 over the last quarter. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of hedge funds have recently bought and sold shares of the stock. Rational Advisors LLC purchased a new stake in CrowdStrike during the second quarter worth $574,000. Bailard Inc. lifted its holdings in CrowdStrike by 4.6% during the second quarter. Bailard Inc. now owns 19,762 shares of the company’s stock worth $7,573,000 after buying an additional 870 shares during the period. Paulson Wealth Management Inc. purchased a new stake in CrowdStrike during the second quarter worth $246,000. AlphaCentric Advisors LLC purchased a new stake in CrowdStrike during the second quarter worth $39,000. Finally, Bank of New York Mellon Corp lifted its holdings in CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares during the period. Hedge funds and other 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.