CrowdStrike (NASDAQ:CRWD) Rating Reiterated by Susquehanna

Susquehanna reaffirmed their positive rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note released on Thursday morning, Benzinga reports. They currently have a $310.00 target price on the stock.

A number of other brokerages have also commented on CRWD. BTIG Research lowered shares of CrowdStrike from a buy rating to a neutral rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. decreased their target price on CrowdStrike from $400.00 to $330.00 and set an overweight rating on the stock in a research report on Monday, July 29th. Jefferies Financial Group reduced their price target on CrowdStrike from $400.00 to $300.00 and set a buy rating for the company in a research note on Wednesday, July 31st. Canaccord Genuity Group decreased their price objective on CrowdStrike from $340.00 to $330.00 and set a buy rating on the stock in a report on Thursday, August 29th. Finally, Westpark Capital reissued a hold rating on shares of CrowdStrike in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $327.03.

CrowdStrike Stock Performance

CRWD opened at $299.85 on Thursday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a 12-month low of $157.59 and a 12-month high of $398.33. The business has a 50 day moving average of $265.90 and a 200-day moving average of $312.27. The stock has a market cap of $72.97 billion, a price-to-earnings ratio of 565.75, a PEG ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last announced 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 business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, equities research analysts expect that CrowdStrike will post 0.56 earnings per share for the current year.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the sale, the director now owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the transaction, the director now directly owns 824,234 shares in the company, valued at $313,382,009.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the sale, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,500 shares of company stock worth $13,301,815. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CRWD. Burney Co. purchased a new position in CrowdStrike during the 1st quarter worth $1,342,000. Principal Financial Group Inc. grew its position in CrowdStrike by 429.2% in the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after purchasing an additional 242,052 shares in the last quarter. BNP Paribas purchased a new stake in CrowdStrike in the 1st quarter valued at about $2,685,000. Swedbank AB bought a new position in shares of CrowdStrike during the 1st quarter worth approximately $73,972,000. Finally, Coldstream Capital Management Inc. purchased a new position in shares of CrowdStrike in the 4th quarter worth approximately $508,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.