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

Westpark Capital reiterated their hold rating on shares of CrowdStrike (NASDAQ:CRWD) in a report released on Monday,Benzinga reports.

Other equities research analysts have also issued reports about the company. TD Cowen dropped their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Jefferies Financial Group boosted their price objective on shares of CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Piper Sandler reissued an “overweight” rating and issued a $290.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. Oppenheimer dropped their price target on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, Susquehanna restated a “positive” rating and set a $310.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $355.80.

CrowdStrike Stock Down 4.6 %

CRWD stock opened at $347.59 on Monday. The company has a market capitalization of $85.20 billion, a P/E ratio of 503.75, a PEG ratio of 26.33 and a beta of 1.10. The firm has a 50 day simple moving average of $313.47 and a 200-day simple moving average of $312.77. 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 has a twelve month low of $200.81 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the prior 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, equities research analysts predict that CrowdStrike will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was 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. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently made changes to their positions in CRWD. Tri Ri Asset Management Corp bought a new position in CrowdStrike during the third quarter valued at approximately $5,456,000. Peapack Gladstone Financial Corp bought a new position in shares of CrowdStrike during the 3rd quarter valued at $497,000. Tidal Investments LLC lifted its stake in shares of CrowdStrike by 7.5% in the 3rd quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock valued at $6,959,000 after purchasing an additional 1,740 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in CrowdStrike during the third quarter worth $1,319,000. Finally, World Investment Advisors LLC raised its holdings in CrowdStrike by 24.7% during the third quarter. World Investment Advisors LLC now owns 2,514 shares of the company’s stock valued at $705,000 after buying an additional 498 shares in the last quarter. 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.