CrowdStrike’s (CRWD) “Buy” Rating Reaffirmed at Truist Financial

Truist Financial reissued their buy rating on shares of CrowdStrike (NASDAQ:CRWDGet Rating) in a research report report published on Thursday morning, Marketbeat.com reports. The brokerage currently has a $275.00 price objective on the stock.

CRWD has been the subject of a number of other reports. Wells Fargo & Company dropped their price target on CrowdStrike from $275.00 to $250.00 and set an overweight rating for the company in a research report on Friday, June 3rd. JMP Securities restated a buy rating and issued a $275.00 price target on shares of CrowdStrike in a research report on Friday, June 3rd. Stifel Nicolaus upped their price target on CrowdStrike from $220.00 to $225.00 and gave the company a buy rating in a research report on Wednesday, August 31st. Deutsche Bank Aktiengesellschaft upped their price target on CrowdStrike from $225.00 to $230.00 and gave the company a buy rating in a research report on Wednesday, August 31st. Finally, Cowen reiterated a buy rating and issued a $220.00 price objective on shares of CrowdStrike in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $241.71.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $161.28 on Thursday. The business has a 50 day simple moving average of $185.18 and a two-hundred day simple moving average of $185.74. CrowdStrike has a 12 month low of $130.00 and a 12 month high of $298.48. The stock has a market capitalization of $37.64 billion, a P/E ratio of -215.04 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.80 and a quick ratio of 1.80.

CrowdStrike (NASDAQ:CRWDGet Rating) last announced its earnings results on Tuesday, August 30th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $535.15 million during the quarter, compared to analysts’ expectations of $516.44 million. CrowdStrike had a negative return on equity of 12.96% and a negative net margin of 9.45%. The business’s revenue was up 58.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. As a group, analysts predict that CrowdStrike will post -0.75 EPS for the current fiscal year.

Insider Activity

In other news, Director Godfrey Sullivan sold 10,000 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $175.01, for a total value of $1,750,100.00. Following the sale, the director now directly owns 170,000 shares in the company, valued at $29,751,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Godfrey Sullivan sold 10,000 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $175.01, for a total value of $1,750,100.00. Following the sale, the director now directly owns 170,000 shares in the company, valued at $29,751,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 12,103 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $200.52, for a total value of $2,426,893.56. Following the completion of the sale, the insider now owns 180,252 shares in the company, valued at $36,144,131.04. The disclosure for this sale can be found here. Insiders own 6.82% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the business. Psagot Value Holdings Ltd. Israel acquired a new stake in CrowdStrike in the fourth quarter valued at $27,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of CrowdStrike by 440.0% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 135 shares of the company’s stock worth $28,000 after purchasing an additional 110 shares during the last quarter. Bank of New Hampshire purchased a new position in shares of CrowdStrike during the first quarter worth about $30,000. Core Alternative Capital grew its holdings in shares of CrowdStrike by 2,233.3% during the first quarter. Core Alternative Capital now owns 140 shares of the company’s stock worth $32,000 after purchasing an additional 134 shares during the last quarter. Finally, Proffitt & Goodson Inc. purchased a new position in shares of CrowdStrike during the first quarter worth about $34,000. 67.43% of the stock is currently owned by institutional investors and hedge funds.

About CrowdStrike

(Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

Further Reading

Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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