CrowdStrike (NASDAQ:CRWD) Lifted to Overweight at Piper Sandler

Piper Sandler upgraded shares of CrowdStrike (NASDAQ:CRWD) from a neutral rating to an overweight rating in a research report report published on Tuesday morning, MarketBeat reports. They currently have $290.00 target price on the stock, down from their previous target price of $310.00.

CRWD has been the topic of a number of other reports. DA Davidson cut their price target on CrowdStrike from $425.00 to $380.00 and set a buy rating on the stock in a research note on Wednesday, June 5th. JMP Securities restated a market outperform rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Tuesday, May 14th. Rosenblatt Securities cut their target price on CrowdStrike from $420.00 to $350.00 and set a buy rating on the stock in a report on Wednesday, July 24th. Guggenheim lowered CrowdStrike from a buy rating to a neutral rating in a research report on Monday, July 22nd. Finally, Morgan Stanley lowered their price objective on CrowdStrike from $396.00 to $360.00 and set an overweight rating for the company in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CrowdStrike has an average rating of Moderate Buy and a consensus price target of $348.61.

CrowdStrike Stock Up 0.7 %

CRWD stock opened at $242.28 on Tuesday. The stock has a market capitalization of $58.96 billion, a P/E ratio of 453.81, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $333.97 and a 200-day moving average price of $322.86. CrowdStrike has a 12 month low of $140.52 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. As a group, equities research analysts anticipate that CrowdStrike will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,587 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $376.45, for a total value of $20,925,726.15. Following the completion of the transaction, the chief executive officer now directly owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,643 shares of company stock worth $54,992,604. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Large investors have recently added to or reduced their stakes in the stock. Arlington Financial Advisors LLC increased its stake in shares of CrowdStrike by 1.5% during the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after purchasing an additional 30 shares during the last quarter. Saturna Capital Corp grew its holdings in CrowdStrike by 2.7% during the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after purchasing an additional 33 shares during the period. Means Investment CO. Inc. increased its position in CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after buying an additional 35 shares during the last quarter. Shepherd Financial Partners LLC lifted its position in shares of CrowdStrike by 1.4% during the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after buying an additional 36 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of CrowdStrike by 2.2% during the 1st quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock worth $582,000 after acquiring an additional 39 shares during the period. Hedge funds and other 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.