CrowdStrike (NASDAQ:CRWD) Rating Reiterated by Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of CrowdStrike (NASDAQ:CRWD) in a report issued on Thursday, Benzinga reports. The firm currently has a $325.00 price objective on the stock.

Several other brokerages have also recently weighed in on CRWD. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a hold rating for the company in a research note on Monday, August 26th. Raymond James dropped their price target on shares of CrowdStrike from $380.00 to $275.00 and set an outperform rating for the company in a research report on Thursday, August 29th. Westpark Capital reissued a hold rating on shares of CrowdStrike in a research report on Thursday. Oppenheimer cut their target price on CrowdStrike from $450.00 to $365.00 and set an outperform rating for the company in a research report on Thursday, August 29th. Finally, Canaccord Genuity Group decreased their price target on CrowdStrike from $340.00 to $330.00 and set a buy rating on the stock in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of Moderate Buy and a consensus target price of $327.03.

CrowdStrike Trading Up 8.1 %

Shares of CRWD stock opened at $299.85 on Thursday. CrowdStrike has a 12-month low of $157.59 and a 12-month high of $398.33. The firm has a 50 day moving average price of $265.90 and a two-hundred day moving average price of $312.27. 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 capitalization of $72.97 billion, a PE ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09.

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. 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%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. As a group, analysts predict that CrowdStrike will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now directly 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 SEC, which is available at the SEC website. In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction that occurred on 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 legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,500 shares of company stock worth $13,301,815. 4.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike during the second quarter valued at about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike during the 1st quarter worth approximately $30,000. Family Firm Inc. bought a new position in CrowdStrike in the second quarter worth approximately $30,000. Johnson Financial Group Inc. acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $31,000. Finally, Northwest Bank & Trust Co bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $32,000. 71.16% of the stock is owned by 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.