CrowdStrike (NASDAQ:CRWD) Earns Hold Rating from Westpark Capital

Westpark Capital reiterated their hold rating on shares of CrowdStrike (NASDAQ:CRWD) in a research report released on Wednesday,Benzinga reports.

A number of other brokerages also recently issued reports on CRWD. KeyCorp boosted their price objective on CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. UBS Group boosted their price objective on CrowdStrike from $396.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Rosenblatt Securities restated a “buy” rating and issued a $450.00 price target on shares of CrowdStrike in a research note on Wednesday. Finally, Cantor Fitzgerald upped their price target on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $400.10.

CrowdStrike Trading Down 4.1 %

Shares of NASDAQ:CRWD opened at $333.50 on Wednesday. The stock has a 50 day moving average of $387.07 and a 200 day moving average of $338.55. The company has a market cap of $82.14 billion, a PE ratio of 653.93, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $455.59.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $3,871,834.47. Following the sale, the president now directly owns 389,589 shares in the company, valued at approximately $139,655,968.83. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock valued at $38,387,254 over the last quarter. 4.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Berbice Capital Management LLC purchased a new stake in CrowdStrike in the fourth quarter valued at about $27,000. FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares during the last quarter. Fortitude Family Office LLC raised its stake in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in CrowdStrike in the fourth quarter valued at about $34,000. Finally, Luken Investment Analytics LLC purchased a new stake in CrowdStrike in the fourth quarter valued at about $34,000. 71.16% of the stock is currently owned by hedge funds and other 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.