Truist Financial Cuts CrowdStrike (NASDAQ:CRWD) Price Target to $550.00

CrowdStrike (NASDAQ:CRWDFree Report) had its price objective decreased by Truist Financial from $600.00 to $550.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of CrowdStrike from $515.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Loop Capital set a $550.00 price objective on CrowdStrike in a research note on Thursday, December 11th. Bank of America raised their target price on CrowdStrike from $470.00 to $535.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. BNP Paribas Exane lifted their target price on CrowdStrike from $350.00 to $450.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Finally, Piper Sandler upped their price target on CrowdStrike from $450.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Thirty investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $550.09.

View Our Latest Report on CrowdStrike

CrowdStrike Stock Up 1.5%

Shares of NASDAQ CRWD opened at $422.14 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market capitalization of $106.42 billion, a PE ratio of -335.03, a P/E/G ratio of 23.79 and a beta of 1.03. CrowdStrike has a one year low of $298.00 and a one year high of $566.90. The business’s fifty day moving average price is $452.77 and its 200-day moving average price is $472.24.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.94 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The company’s revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. On average, equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insiders Place Their Bets

In other news, President Michael Sentonas sold 11,461 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the sale, the president owned 342,655 shares in the company, valued at approximately $164,399,015.90. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 28,853 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total transaction of $11,916,577.53. Following the completion of the transaction, the chief executive officer owned 2,054,902 shares of the company’s stock, valued at $848,695,075.02. This trade represents a 1.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 100,247 shares of company stock worth $45,722,274. 3.32% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

Hedge funds have recently bought and sold shares of the company. Asset Planning Inc purchased a new position in shares of CrowdStrike during the third quarter worth approximately $25,000. Pilgrim Partners Asia Pte Ltd purchased a new position in CrowdStrike in the 3rd quarter worth $25,000. Anchor Investment Management LLC bought a new stake in CrowdStrike in the third quarter worth $25,000. Hanson & Doremus Investment Management boosted its position in CrowdStrike by 170.0% during the fourth quarter. Hanson & Doremus Investment Management now owns 54 shares of the company’s stock valued at $25,000 after buying an additional 34 shares during the period. Finally, Basepoint Wealth LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at about $25,000. Institutional investors own 71.16% of the company’s stock.

Key Headlines Impacting CrowdStrike

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CrowdStrike Company Profile

(Get Free Report)

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.

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