CrowdStrike (NASDAQ:CRWD) Stock Rating Upgraded by Hsbc Global Res

CrowdStrike (NASDAQ:CRWD) was upgraded by investment analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Friday, Zacks.com reports.

A number of other analysts have also weighed in on the stock. Evercore ISI reduced their price objective on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. TD Cowen reduced their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday. UBS Group dropped their price objective on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a report on Thursday. Raymond James cut their price objective on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Canaccord Genuity Group decreased their target price on CrowdStrike from $340.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $326.15.

CrowdStrike Trading Up 2.1 %

Shares of CRWD stock opened at $277.28 on Friday. The company has a market cap of $67.48 billion, a PE ratio of 523.17, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. CrowdStrike has a 1 year low of $145.38 and a 1 year high of $398.33. The stock’s 50 day simple moving average is $303.94 and its two-hundred day simple moving average is $318.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. Research analysts predict that CrowdStrike will post 0.87 earnings per share for the current year.

Insider Activity at CrowdStrike

In other news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock valued at $48,856,294 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CRWD. Vanguard Group Inc. boosted its stake in shares of CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after acquiring an additional 315,280 shares in the last quarter. Norges Bank acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $683,336,000. First Trust Advisors LP grew its holdings in CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after purchasing an additional 358,945 shares during the period. Legal & General Group Plc raised its stake in shares of CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after buying an additional 60,607 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of CrowdStrike by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after buying an additional 77,100 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.