CrowdStrike (NASDAQ:CRWD) Stock Rating Reaffirmed by Piper Sandler

Piper Sandler restated their overweight rating on shares of CrowdStrike (NASDAQ:CRWD) in a report released on Thursday, Benzinga reports. They currently have a $290.00 price objective on the stock.

Several other equities analysts have also recently commented on CRWD. KeyCorp cut their target price on shares of CrowdStrike from $440.00 to $420.00 and set an overweight rating for the company in a research note on Wednesday, July 17th. Scotiabank cut their target price on shares of CrowdStrike from $300.00 to $265.00 and set a sector perform rating for the company in a research note on Wednesday, August 14th. Stifel Nicolaus cut their target price on shares of CrowdStrike from $400.00 to $300.00 and set a buy rating for the company in a research note on Friday, August 9th. TD Cowen cut their target price on shares of CrowdStrike from $400.00 to $380.00 and set a buy rating for the company in a research note on Thursday, August 29th. Finally, BTIG Research cut shares of CrowdStrike from a buy rating to a neutral rating in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $327.03.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $299.85 on Thursday. The firm has a fifty day simple moving average of $265.90 and a 200-day simple moving average of $312.40. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a 1-year low of $157.59 and a 1-year high of $398.33. The stock has a market capitalization of $72.97 billion, a price-to-earnings ratio of 565.75, a PEG ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the previous year, the company earned $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, sell-side analysts expect that CrowdStrike will post 0.56 earnings per share for the current year.

Insider Activity

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

Institutional Trading of CrowdStrike

A number of hedge funds have recently modified their holdings of the company. Arlington Financial Advisors LLC raised its position in shares of CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after acquiring an additional 30 shares during the period. Saturna Capital Corp raised its position in shares of CrowdStrike by 2.7% in the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after acquiring an additional 33 shares during the period. Means Investment CO. Inc. raised its position in shares of CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after acquiring an additional 35 shares during the period. Shepherd Financial Partners LLC raised its position in shares of CrowdStrike by 1.4% in the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after acquiring an additional 36 shares during the period. Finally, Albion Financial Group UT raised its position in shares of CrowdStrike by 3.7% in the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after acquiring an additional 39 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

About CrowdStrike

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.