Canaccord Genuity Group Increases CrowdStrike (NASDAQ:CRWD) Price Target to $405.00

CrowdStrike (NASDAQ:CRWDGet Free Report) had its price objective upped by Canaccord Genuity Group from $400.00 to $405.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 18.95% from the company’s current price.

CRWD has been the topic of a number of other research reports. TD Cowen increased their price target on CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Robert W. Baird increased their price target on CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Scotiabank reduced their price target on CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating on the stock in a research note on Wednesday. BTIG Research reduced their price target on CrowdStrike from $432.00 to $402.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, DA Davidson reduced their price target on CrowdStrike from $425.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $375.61.

Read Our Latest Analysis on CRWD

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $340.49 on Wednesday. The business’s fifty day moving average price is $318.06 and its two-hundred day moving average price is $296.18. The stock has a market cap of $82.35 billion, a PE ratio of 642.45, a price-to-earnings-growth ratio of 12.22 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. CrowdStrike has a one year low of $139.37 and a one year high of $365.00.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 7.81% and a net margin of 4.01%. The firm had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. On average, analysts forecast that CrowdStrike will post 1.12 EPS for the current fiscal year.

Insider Activity

In other news, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the sale, the chief executive officer now directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The disclosure for this sale can be found here. Insiders sold 317,000 shares of company stock worth $101,229,160 over the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the company. CVA Family Office LLC acquired a new position in CrowdStrike in the fourth quarter worth about $26,000. Hexagon Capital Partners LLC acquired a new position in CrowdStrike in the fourth quarter worth about $26,000. Silver Oak Securities Incorporated acquired a new position in CrowdStrike in the third quarter worth about $27,000. Bear Mountain Capital Inc. acquired a new position in CrowdStrike in the fourth quarter worth about $27,000. Finally, Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike in the first quarter worth about $30,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Company Profile

(Get Free Report)

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.

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Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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