CrowdStrike (NASDAQ:CRWD) Upgraded at Wedbush

Wedbush upgraded shares of CrowdStrike (NASDAQ:CRWD) to a strong-buy rating in a research report sent to investors on Thursday morning, Zacks.com reports.

Other research analysts have also issued research reports about the company. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. JPMorgan Chase & Co. reduced their price target on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Oppenheimer dropped their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Royal Bank of Canada reduced their target price on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, JMP Securities restated a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Stock Performance

CRWD stock opened at $310.15 on Thursday. The stock’s 50 day simple moving average is $276.25 and its 200 day simple moving average is $308.20. CrowdStrike has a 12-month low of $170.17 and a 12-month high of $398.33. The firm has a market cap of $75.48 billion, a P/E ratio of 585.19, a P/E/G ratio of 19.94 and a beta of 1.10. 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 (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share 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 for the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the company earned $0.06 earnings per share. The firm’s revenue was up 31.7% compared to the same quarter last year. As a group, equities research analysts predict that CrowdStrike will post 0.53 EPS for the current year.

Insiders Place Their Bets

In related news, President Michael Sentonas sold 10,776 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the transaction, the president now directly owns 400,390 shares of the company’s stock, valued at approximately $119,027,939.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Michael Sentonas sold 10,776 shares of the firm’s 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 $3,203,489.28. Following the completion of the sale, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the company’s 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 owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,212 shares of company stock worth $30,529,413. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of institutional investors have recently bought and sold shares of the company. Burney Co. acquired a new stake in shares of CrowdStrike during the 1st quarter valued at about $1,342,000. Doliver Advisors LP raised its position in CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after acquiring an additional 4,664 shares in the last quarter. HWG Holdings LP acquired a new stake in CrowdStrike in the second quarter valued at approximately $2,955,000. Principal Financial Group Inc. grew its position in CrowdStrike by 429.2% in the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after acquiring an additional 242,052 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of CrowdStrike by 24.3% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock worth $3,855,000 after purchasing an additional 1,966 shares during the last quarter. Institutional investors and hedge funds 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.