CrowdStrike (NASDAQ:CRWD) Coverage Initiated by Analysts at CICC Research

CICC Research started coverage on shares of CrowdStrike (NASDAQ:CRWD) in a research note issued to investors on Monday morning,Benzinga reports. The brokerage issued a market perform rating and a $295.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. DA Davidson restated a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a research report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft reduced their target price on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. Citigroup cut their price target on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Sanford C. Bernstein decreased their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Finally, BMO Capital Markets increased their target price on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $331.90.

CrowdStrike Stock Up 1.8 %

CRWD opened at $342.97 on Monday. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $398.33. The business has a 50 day moving average price of $299.72 and a two-hundred day moving average price of $310.63. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market cap of $84.07 billion, a PE ratio of 497.06, a P/E/G ratio of 22.77 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping 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 business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, research analysts anticipate that CrowdStrike will post 0.52 EPS for the current year.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the transaction, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 10,776 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the completion of the sale, the president now directly owns 400,390 shares of the company’s stock, valued at $119,027,939.20. The trade was a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,465,110 over the last ninety days. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently modified their holdings of CRWD. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike during the second quarter valued at about $25,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike in the 3rd quarter valued at approximately $28,000. Tsfg LLC boosted its stake in CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Family Firm Inc. purchased a new position in CrowdStrike during the 2nd quarter worth approximately $30,000. Finally, Castleview Partners LLC acquired a new stake in shares of CrowdStrike in the third quarter worth $32,000. 71.16% of the stock is 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.