CrowdStrike (NASDAQ:CRWD) Rating Reiterated by Westpark Capital

CrowdStrike (NASDAQ:CRWD)‘s stock had its “hold” rating reaffirmed by Westpark Capital in a research report issued to clients and investors on Thursday, Benzinga reports.

A number of other research firms have also weighed in on CRWD. Stifel Nicolaus reduced their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Canaccord Genuity Group cut their target price on CrowdStrike from $340.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Argus lowered their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a report on Friday, August 30th. Robert W. Baird cut their price objective on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, Redburn Atlantic downgraded CrowdStrike from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.03.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $299.85 on Thursday. The firm has a market cap of $72.97 billion, a price-to-earnings ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a twelve month low of $157.59 and a twelve month high of $398.33. The business has a 50-day moving average price of $265.90 and a 200-day moving average price of $312.29.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share. As a group, equities research analysts predict that CrowdStrike will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the sale, the director now directly owns 18,297 shares in the company, valued at $7,136,012.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The disclosure for this sale can be found here. Insiders have sold 45,577 shares of company stock valued at $16,330,609 over the last ninety days. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of large investors have recently made changes to their positions in CRWD. Burney Co. acquired a new stake in shares of CrowdStrike in the 1st quarter valued at $1,342,000. Principal Financial Group Inc. lifted its position in shares of CrowdStrike by 429.2% during the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after buying an additional 242,052 shares during the last quarter. BNP Paribas purchased a new position in shares of CrowdStrike in the 1st quarter valued at $2,685,000. Swedbank AB purchased a new stake in CrowdStrike in the first quarter valued at $73,972,000. Finally, Coldstream Capital Management Inc. acquired a new position in CrowdStrike in the fourth quarter valued at $508,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Company Profile

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.