Equities research analysts at Argus began coverage on shares of CrowdStrike (NASDAQ:CRWD – Get Free Report) in a report released on Thursday, Marketbeat reports. The firm set a “buy” rating and a $220.00 price target on the stock. Argus’ price objective would suggest a potential upside of 23.07% from the company’s current price.
Other analysts also recently issued reports about the company. Oppenheimer restated an “outperform” rating and set a $175.00 price objective on shares of CrowdStrike in a report on Thursday, August 31st. Scotiabank increased their price target on CrowdStrike from $174.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, September 22nd. Rosenblatt Securities increased their price target on CrowdStrike from $190.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, September 21st. Royal Bank of Canada increased their price target on CrowdStrike from $182.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, August 31st. Finally, Wells Fargo & Company increased their price target on CrowdStrike from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, August 28th. Four equities research analysts have rated the stock with a hold rating and thirty-seven have given a buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $190.64.
View Our Latest Stock Analysis on CRWD
CrowdStrike Trading Down 3.1 %
CrowdStrike (NASDAQ:CRWD – Get Free Report) last released its quarterly earnings data on Wednesday, August 30th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $731.63 million during the quarter, compared to the consensus estimate of $725.44 million. CrowdStrike had a negative return on equity of 4.05% and a negative net margin of 3.54%. As a group, analysts forecast that CrowdStrike will post 0.32 EPS for the current year.
Insider Activity
In related news, insider Shawn Henry sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $168.03, for a total transaction of $1,511,597.88. Following the sale, the insider now owns 206,232 shares of the company’s stock, valued at $34,653,162.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO George Kurtz sold 56,921 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $162.95, for a total transaction of $9,275,276.95. Following the sale, the chief executive officer now owns 1,100,089 shares of the company’s stock, valued at $179,259,502.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $168.03, for a total value of $1,511,597.88. Following the sale, the insider now directly owns 206,232 shares in the company, valued at approximately $34,653,162.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,583 shares of company stock valued at $17,579,572. Insiders own 5.68% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Carnegie Capital Asset Management LLC grew its position in CrowdStrike by 1.5% in the third quarter. Carnegie Capital Asset Management LLC now owns 3,665 shares of the company’s stock worth $613,000 after buying an additional 55 shares during the last quarter. FCF Advisors LLC grew its position in CrowdStrike by 2.4% in the third quarter. FCF Advisors LLC now owns 2,619 shares of the company’s stock worth $438,000 after buying an additional 61 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in CrowdStrike by 1.4% in the first quarter. Ameritas Investment Partners Inc. now owns 4,562 shares of the company’s stock worth $1,036,000 after buying an additional 65 shares during the last quarter. Arthur M. Cohen & Associates LLC grew its position in CrowdStrike by 0.6% in the second quarter. Arthur M. Cohen & Associates LLC now owns 11,477 shares of the company’s stock worth $1,685,000 after buying an additional 68 shares during the last quarter. Finally, Modus Advisors LLC grew its position in CrowdStrike by 2.6% in the third quarter. Modus Advisors LLC now owns 2,900 shares of the company’s stock worth $485,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 63.53% of the company’s stock.
CrowdStrike Company Profile
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.
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