CrowdStrike’s (CRWD) Hold Rating Reiterated at Westpark Capital

Westpark Capital reaffirmed their hold rating on shares of CrowdStrike (NASDAQ:CRWD) in a research report report published on Thursday morning, Benzinga reports.

CRWD has been the subject of a number of other research reports. Wells Fargo & Company dropped their price target on CrowdStrike from $435.00 to $350.00 and set an overweight rating for the company in a research note on Monday, July 22nd. DA Davidson reaffirmed a buy rating and issued a $310.00 price target on shares of CrowdStrike in a research note on Wednesday. KeyCorp dropped their price target on CrowdStrike from $440.00 to $420.00 and set an overweight rating for the company in a research note on Wednesday, July 17th. Canaccord Genuity Group lowered their target price on CrowdStrike from $340.00 to $330.00 and set a buy rating for the company in a research note on Thursday, August 29th. Finally, Royal Bank of Canada lowered their target price on CrowdStrike from $345.00 to $335.00 and set an outperform rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $327.03.

CrowdStrike Stock Up 8.1 %

CRWD opened at $299.85 on Thursday. CrowdStrike has a fifty-two week low of $157.59 and a fifty-two week high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $72.97 billion, a P/E ratio of 565.75, a P/E/G ratio of 16.14 and a beta of 1.09. The stock has a fifty day moving average of $265.90 and a 200-day moving average of $312.40.

CrowdStrike (NASDAQ:CRWD) last posted 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 business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. On average, equities analysts expect that CrowdStrike will post 0.56 EPS for the current year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 18,297 shares in the company, valued at $7,136,012.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The disclosure for this sale can be found here. Insiders have sold a total of 45,577 shares of company stock worth $16,330,609 over the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pathstone Holdings LLC bought a new stake in CrowdStrike during the fourth quarter worth about $450,418,000. Vanguard Group Inc. boosted its stake in CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after buying an additional 1,028,405 shares in the last quarter. Bank of New York Mellon Corp grew its position in 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 valued at $671,828,000 after acquiring an additional 564,662 shares during the last quarter. Acadian Asset Management LLC raised 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 acquiring an additional 477,706 shares in the last quarter. Finally, Frontier Capital Management Co. LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $100,459,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.