CrowdStrike (NASDAQ:CRWD) Price Target Cut to $190.00

CrowdStrike (NASDAQ:CRWDGet Rating) had its target price decreased by Morgan Stanley from $217.00 to $190.00 in a research report report published on Tuesday morning, The Fly reports. Morgan Stanley currently has an overweight rating on the stock.

CRWD has been the subject of a number of other reports. Sumitomo Mitsui Financial Group assumed coverage on CrowdStrike in a research note on Friday, October 7th. They issued an outperform rating and a $240.00 price target for the company. Moffett Nathanson began coverage on CrowdStrike in a research note on Thursday, September 22nd. They issued a buy rating and a $280.00 price target for the company. Capital One Financial began coverage on CrowdStrike in a research report on Friday, September 30th. They set an overweight rating and a $235.00 target price for the company. Stephens began coverage on CrowdStrike in a research report on Wednesday, August 31st. They set an overweight rating and a $236.00 target price for the company. Finally, Needham & Company LLC raised their target price on CrowdStrike from $210.00 to $225.00 and gave the stock a buy rating in a research report on Wednesday, August 31st. One equities research analyst has rated the stock with a hold rating and thirty-five have issued a buy rating to the company. According to MarketBeat.com, CrowdStrike presently has an average rating of Moderate Buy and an average target price of $237.23.

CrowdStrike Trading Up 0.2 %

Shares of CRWD stock opened at $135.80 on Tuesday. CrowdStrike has a fifty-two week low of $120.50 and a fifty-two week high of $242.00. The company has a market cap of $31.69 billion, a PE ratio of -181.07 and a beta of 1.19. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.80 and a current ratio of 1.80. The stock’s fifty day moving average price is $155.81 and its two-hundred day moving average price is $168.39.

CrowdStrike (NASDAQ:CRWDGet Rating) last announced its quarterly earnings results on Tuesday, August 30th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). CrowdStrike had a negative net margin of 9.45% and a negative return on equity of 12.96%. The firm had revenue of $535.15 million during the quarter, compared to the consensus estimate of $516.44 million. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The firm’s revenue was up 58.5% on a year-over-year basis. Equities analysts predict that CrowdStrike will post -0.76 EPS for the current fiscal year.

Insider Activity

In other news, Director Godfrey Sullivan sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $175.01, for a total value of $1,750,100.00. Following the completion of the sale, the director now directly owns 170,000 shares in the company, valued at approximately $29,751,700. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other CrowdStrike news, CAO Anurag Saha sold 3,032 shares of CrowdStrike stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $173.67, for a total transaction of $526,567.44. Following the completion of the transaction, the chief accounting officer now owns 27,999 shares in the company, valued at approximately $4,862,586.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Godfrey Sullivan sold 10,000 shares of CrowdStrike stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $175.01, for a total value of $1,750,100.00. Following the transaction, the director now owns 170,000 shares of the company’s stock, valued at approximately $29,751,700. The disclosure for this sale can be found here. Insiders sold a total of 106,011 shares of company stock worth $18,360,689 in the last three months. Company insiders own 6.82% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently added to or reduced their stakes in CRWD. Mach 1 Financial Group LLC acquired a new position in CrowdStrike during the 3rd quarter valued at about $27,000. Core Alternative Capital lifted its position in shares of CrowdStrike by 2,233.3% during the 1st quarter. Core Alternative Capital now owns 140 shares of the company’s stock worth $32,000 after buying an additional 134 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of CrowdStrike during the 3rd quarter worth approximately $32,000. Proffitt & Goodson Inc. bought a new position in shares of CrowdStrike during the 1st quarter worth approximately $34,000. Finally, Sound Income Strategies LLC lifted its position in shares of CrowdStrike by 42.9% during the 2nd quarter. Sound Income Strategies LLC now owns 200 shares of the company’s stock worth $34,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 67.43% of the company’s stock.

About CrowdStrike

(Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

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