Scotiabank analyst Patrick Colville reiterated a Buy rating on CrowdStrike Holdings (CRWD – Research Report) today and set a price target of $400.00. The company’s shares closed yesterday at $297.56.
Colville covers the Technology sector, focusing on stocks such as Informatica, Okta, and SentinelOne. According to TipRanks, Colville has an average return of -2.0% and a 47.90% success rate on recommended stocks.
CrowdStrike Holdings has an analyst consensus of Strong Buy, with a price target consensus of $365.38, representing a 22.79% upside. In a report released today, Guggenheim also maintained a Buy rating on the stock with a $424.00 price target.
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Based on CrowdStrike Holdings’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $786.01 million and a net profit of $26.67 million. In comparison, last year the company earned a revenue of $580.88 million and had a GAAP net loss of $54.96 million
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRWD in relation to earlier this year. Most recently, in December 2023, George Kurtz, the President & CEO of CRWD sold 56,985.00 shares for a total of $14,368,326.17.
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CrowdStrike Holdings (CRWD) Company Description:
Founded in 2011, CrowdStrike Holdings, Inc. provides cloud-delivered solution for next-generation endpoint protection. It offers cloud modules on its Falcon platform through an SaaS subscription-based model. The company offers its services in the United States, Australia, Germany, India, Romania, and the United Kingdom.
Read More on CRWD:
- CRWD Earnings: CrowdStrike Stock Gains on Impressive Q4 Report
- Options Volatility and Implied Earnings Moves Today, March 05, 2024
- Crowdstrike price target raised to $350 from $325 at Needham
- Options Volatility and Implied Earnings Moves This Week, March 04 – March 07, 2024
- Crowdstrike price target raised to $380 from $315 at Wells Fargo
