CrowdStrike (NASDAQ:CRWD) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of CrowdStrike (NASDAQ:CRWD) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

CRWD has been the subject of a number of other reports. Capital One Financial upped their price objective on CrowdStrike from $519.00 to $599.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 18th. Wedbush boosted their price target on shares of CrowdStrike from $525.00 to $600.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Oppenheimer increased their price objective on shares of CrowdStrike from $560.00 to $580.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a research report on Tuesday, September 23rd. Finally, Canaccord Genuity Group boosted their target price on shares of CrowdStrike from $430.00 to $500.00 and gave the company a “hold” rating in a research note on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $543.75.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $501.54 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $511.66 and its two-hundred day moving average price is $476.13. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90. The stock has a market capitalization of $125.87 billion, a P/E ratio of -421.46, a P/E/G ratio of 120.40 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 EPS. As a group, sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 10,706 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the transaction, the chief financial officer owned 220,424 shares of the company’s stock, valued at approximately $109,257,564.08. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 17,830 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the sale, the chief executive officer owned 2,115,057 shares in the company, valued at $1,045,959,138.21. This trade represents a 0.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 116,622 shares of company stock worth $58,561,456. 3.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently added to or reduced their stakes in the company. Asset Planning Inc bought a new stake in shares of CrowdStrike in the 3rd quarter worth $25,000. Pilgrim Partners Asia Pte Ltd acquired a new position in CrowdStrike during the third quarter worth about $25,000. Anchor Investment Management LLC acquired a new position in CrowdStrike during the third quarter worth about $25,000. AlphaQuest LLC bought a new stake in CrowdStrike in the second quarter worth about $26,000. Finally, Logan Capital Management Inc. acquired a new stake in CrowdStrike in the 3rd quarter valued at about $26,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.