Citigroup, a prominent financial institution, has recently raised its price objective for CrowdStrike (NASDAQ:CRWD) from $175.00 to $200.00. This update came as part of a research note released on September 19, 2023 by FlyOnTheWall. The revised price target from Citigroup suggests a potential increase of 19.78% in value from CrowdStrike’s current price.
At the start of trading on Tuesday, shares of CRWD stock were priced at $166.97. Over the past year, CrowdStrike has experienced a low of $92.25 and a high of $181.84 in its stock value. Looking at the company’s moving averages, the 50-day moving average sits at $154.75 while the two-hundred day moving average is slightly lower at $143.55.
When it comes to financial standing and stability, CrowdStrike boasts favorable figures. The company possesses a debt-to-equity ratio of 0.40, indicating a manageable level of debt compared to equity. Additionally, it exhibits strong liquidity with both its current ratio and quick ratio standing at 1.82.
With regards to market capitalization, CrowdStrike currently holds a value of approximately $39.87 billion. However, it is important to note that the price-to-earnings (P/E) ratio for the company is -407.24 due to negative earnings per share over the past year or so.
In terms of growth potential, CrowdStrike has earned a PEG ratio of 16.66 which suggests that its stock may be overvalued relative to its expected earnings growth rate in the future.
Overall, these financial indicators provide valuable insights into CrowdStrike’s standing within the market and its potential for future success.
CrowdStrike Holdings, Inc specializes in providing cloud-delivered protection across various platforms such as endpoints and cloud workloads along with safeguarding identity and data. The company offers a wide range of services including corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.
Keeping abreast of the latest developments in the stock market can be beneficial for investors and individuals interested in financial trends. It is essential to carefully analyze information from reputable sources before making any investment decisions.
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CrowdStrike Receives Mixed Ratings and Price Target Adjustments from Analysts, Insiders Sell Shares While Institutional Investors Increase Holdings
CrowdStrike Holdings, Inc. has recently received ratings and price target adjustments from several equities analysts. Morgan Stanley downgraded the company’s shares from an “overweight” rating to an “equal weight” rating, along with a decrease in their price objective from $178.00 to $167.00. On the other hand, Stephens reaffirmed an “overweight” rating and set a price objective of $200.00 for shares of CrowdStrike.
Cantor Fitzgerald also reconfirmed an “overweight” rating on the company’s stock and assigned a target price of $180.00. In addition, Canaccord Genuity Group raised their price target on CrowdStrike from $175.00 to $185.00 and maintained a “buy” rating.
HSBC also initiated coverage on CrowdStrike, providing a “buy” rating and setting a price objective of $200.00 for the stock.
The consensus among analysts is that CrowdStrike has been given a “Moderate Buy” average rating, with a consensus target price of $184.40 according to data from Bloomberg.com.
CrowdStrike Holdings, Inc., specializes in delivering cloud-based protection for endpoints, cloud workloads, identity, and data. It offers various services ranging from corporate workload security to IT operations management, threat intelligence services, identity protection, and log management.
In other news related to CrowdStrike, Chief Accounting Officer (CAO) Anurag Saha recently sold 815 shares of the company’s stock on June 21st at an average price of $150.48 per share, resulting in a total value of $122,641.20 for the transaction.
Following the completion of this sale, Saha now owns 31,852 shares in CrowdStrike valued at approximately $4,793,088.96.
Furthermore, CEO George Kurtz sold 59,465 shares on June 21st at an average price of $144.26 per share, totaling $8,578,420.90. After this transaction, Kurtz holds 1,119,971 shares of the company’s stock worth approximately $161,567,016.46.
These sales were disclosed in filing reports to the Securities & Exchange Commission and can be accessed through the provided hyperlinks.
Within the last ninety days, company insiders have sold a total of 342,479 shares of CrowdStrike stock valued at $51,344,648. As of now, insiders hold approximately 5.68% ownership of the company’s stock.
Looking at institutional investors’ activities regarding CrowdStrike Holdings Inc., Transcend Capital Advisors LLC recently purchased a new position in the company during the first quarter with an estimated value of around $255,000.
Nordea Investment Management AB also increased its stake in CrowdStrike by 0.8%, owning a total of 456,925 shares worth $67,241,000 as of the second quarter.
Maryland State Retirement & Pension System witnessed growth in its position by 5.3% during the first quarter and now owns 17,037 shares valued at $2,338,000 after acquiring an additional 851 shares.
Similarly, Janney Montgomery Scott LLC raised its stake by 7% during the same period and currently holds 54,043 shares valued at $7,418,000 after adding an extra 3,513 shares to its portfolio.
Additionally,M&R Capital Management Inc. initiated a new position in CrowdStrike during the second quarter with an approximate value of $870k.
When it comes to institutional investors’ holdings overall for CrowdStrike Holdings Inc., they account for approximately 63.53% ownership in the company’s stock.
