CrowdStrike (NASDAQ:CRWD) Earns Market Perform Rating from Analysts at CICC Research

CICC Research began coverage on shares of CrowdStrike (NASDAQ:CRWD) in a research report report published on Monday morning,Benzinga reports. The firm issued a market perform rating and a $295.00 target price on the stock.

A number of other equities research analysts also recently weighed in on the company. Piper Sandler restated an “overweight” rating and set a $290.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Wells Fargo & Company dropped their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. TD Cowen cut their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Needham & Company LLC began coverage on CrowdStrike in a report on Monday, September 23rd. They set a “buy” rating and a $360.00 price objective for the company. Finally, BNP Paribas started coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $331.90.

CrowdStrike Stock Up 1.8 %

Shares of CRWD stock opened at $342.97 on Monday. The firm has a market cap of $84.07 billion, a PE ratio of 497.06, a price-to-earnings-growth ratio of 22.77 and a beta of 1.10. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $398.33. The stock has a 50 day moving average of $299.72 and a 200-day moving average of $310.63. 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 (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping 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 company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, equities analysts predict that CrowdStrike will post 0.52 EPS for the current year.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’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 value of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock worth $32,465,110 over the last quarter. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently added to or reduced their stakes in CRWD. Beacon Financial Advisory LLC bought a new position in CrowdStrike in the 3rd quarter worth about $955,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after buying an additional 78,305 shares in the last quarter. Burney Co. purchased a new stake in shares of CrowdStrike during the first quarter valued at approximately $1,342,000. Doliver Advisors LP raised its stake in shares of CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,664 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after buying an additional 2,863 shares during the last quarter. 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.