CrowdStrike (NASDAQ:CRWD) Stock Rating Reaffirmed by JMP Securities

JMP Securities restated their market outperform rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note published on Tuesday, Benzinga reports. JMP Securities currently has a $400.00 price objective on the stock.

Several other analysts also recently issued reports on the company. Argus dropped their price target on CrowdStrike from $400.00 to $325.00 and set a buy rating on the stock in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on CrowdStrike from $350.00 to $275.00 and set a hold rating for the company in a report on Monday, August 26th. Scotiabank decreased their price objective on CrowdStrike from $300.00 to $265.00 and set a sector perform rating for the company in a report on Wednesday, August 14th. Morgan Stanley restated an overweight rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Monday, September 9th. Finally, Hsbc Global Res upgraded CrowdStrike from a hold rating to a strong-buy rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has an average rating of Moderate Buy and an average target price of $326.50.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $285.86 on Tuesday. The stock’s fifty day simple moving average is $260.01 and its 200 day simple moving average is $311.39. CrowdStrike has a 12 month low of $160.86 and a 12 month high of $398.33. The company has a market capitalization of $69.57 billion, a PE ratio of 539.36, a PEG ratio of 19.60 and a beta of 1.09. 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 (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the business posted $0.06 EPS. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, research analysts predict that CrowdStrike will post 0.53 EPS for the current year.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the sale, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the transaction, the insider now owns 183,091 shares of the company’s stock, valued at $67,985,350.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,962 shares of company stock worth $34,477,948. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRWD. Pathstone Holdings LLC acquired a new position in CrowdStrike during the fourth quarter valued at approximately $450,418,000. Vanguard Group Inc. raised its position in CrowdStrike by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after purchasing an additional 1,028,405 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of CrowdStrike by 619.0% during the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after buying an additional 477,706 shares during the last quarter. Finally, Frontier Capital Management Co. LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth $100,459,000. 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.