CrowdStrike’s (CRWD) “Hold” Rating Reaffirmed at Westpark Capital

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

A number of other research analysts have also commented on CRWD. HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and upped their price target for the stock from $302.00 to $339.00 in a report on Friday, August 30th. Canaccord Genuity Group reissued a “buy” rating and issued a $330.00 price target on shares of CrowdStrike in a report on Monday, September 30th. Jefferies Financial Group boosted their price objective on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Piper Sandler reiterated an “overweight” rating and issued a $290.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, DA Davidson restated a “buy” rating and set a $310.00 price target on shares of CrowdStrike in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirty have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $355.80.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $347.59 on Monday. The firm has a market capitalization of $85.20 billion, a PE ratio of 503.75, a PEG ratio of 26.33 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 has a 1 year low of $200.81 and a 1 year high of $398.33. The firm’s fifty day simple moving average is $313.47 and its 200 day simple moving average is $312.77.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the business posted $0.06 earnings per share. The firm’s revenue was up 31.7% compared to the same quarter last year. On average, sell-side analysts anticipate that CrowdStrike will post 0.49 EPS for the current year.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,248 shares of company stock valued at $32,465,110. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several institutional investors and hedge funds have recently made changes to their positions in the business. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike in the second quarter valued at about $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the 3rd quarter valued at about $28,000. Tsfg LLC raised its position in shares of CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Family Firm Inc. bought a new position in CrowdStrike during the 2nd quarter worth approximately $30,000. Finally, Castleview Partners LLC acquired a new position in CrowdStrike during the third quarter valued at approximately $32,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Company Profile

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.