CrowdStrike (NASDAQ:CRWD) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a $325.00 price target on the stock.

Several other research firms have also recently weighed in on CRWD. Canaccord Genuity Group cut their price target on shares of CrowdStrike from $340.00 to $330.00 and set a buy rating on the stock in a report on Thursday, August 29th. Argus reduced their target price on CrowdStrike from $400.00 to $325.00 and set a buy rating for the company in a report on Friday, August 30th. Barclays lifted their price target on CrowdStrike from $285.00 to $295.00 and gave the stock an overweight rating in a report on Thursday, August 29th. Royal Bank of Canada reduced their price objective on CrowdStrike from $345.00 to $335.00 and set an outperform rating for the company in a research note on Thursday, August 29th. Finally, Sanford C. Bernstein lowered their target price on CrowdStrike from $334.00 to $327.00 and set an outperform rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $327.03.

CrowdStrike Stock Performance

Shares of CRWD opened at $299.85 on Thursday. The firm has a market capitalization of $72.97 billion, a P/E ratio of 565.75, a P/E/G ratio of 16.14 and a beta of 1.09. CrowdStrike has a 52 week low of $157.59 and a 52 week high of $398.33. The stock has a 50 day moving average price of $265.90 and a two-hundred day moving average price of $312.27. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. Equities analysts forecast that CrowdStrike will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the transaction, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the sale, the director now owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the transaction, the director now owns 18,297 shares in the company, valued at $7,136,012.97. The disclosure for this sale can be found here. Insiders sold a total of 37,500 shares of company stock worth $13,301,815 over the last three months. 4.34% of the stock is owned by insiders.

Institutional Trading of CrowdStrike

A number of hedge funds have recently bought and sold shares of CRWD. Anchor Investment Management LLC lifted its holdings in shares of CrowdStrike by 130.0% in the 2nd quarter. Anchor Investment Management LLC now owns 230 shares of the company’s stock worth $88,000 after acquiring an additional 130 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in CrowdStrike in the 2nd quarter worth $41,836,000. Newbridge Financial Services Group Inc. lifted its stake in CrowdStrike by 24.3% in the second 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. Sanctuary Advisors LLC bought a new position in shares of CrowdStrike during the second quarter valued at about $15,285,000. Finally, NCP Inc. bought a new position in shares of CrowdStrike during the second quarter valued at about $115,000. Institutional investors 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.