CrowdStrike (NASDAQ:CRWD) Given Overweight Rating at Piper Sandler

CrowdStrike (NASDAQ:CRWD)‘s stock had its “overweight” rating reiterated by investment analysts at Piper Sandler in a research report issued on Thursday, Benzinga reports. They presently have a $290.00 price target on the stock. Piper Sandler’s price target suggests a potential downside of 3.28% from the stock’s previous close.

A number of other research analysts have also weighed in on CRWD. Morgan Stanley reiterated an “overweight” rating and set a $325.00 price objective on shares of CrowdStrike in a research note on Monday, September 9th. KeyCorp reduced their price objective on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. BTIG Research downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Redburn Atlantic cut shares of CrowdStrike from a “neutral” rating to a “sell” rating and lowered their target price for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. Finally, BMO Capital Markets lifted their price objective on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $327.03.

CrowdStrike Stock Performance

Shares of CRWD opened at $299.85 on Thursday. The company has a 50-day simple moving average of $265.90 and a two-hundred day simple moving average of $312.29. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $72.97 billion, a PE ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. CrowdStrike has a one year low of $157.59 and a one year high of $398.33.

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

Insider Activity at CrowdStrike

In other news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now directly owns 18,297 shares in the company, valued at $7,136,012.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the transaction, the director now owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 18,297 shares in the company, valued at $7,136,012.97. The disclosure for this sale can be found here. Insiders have sold a total of 45,577 shares of company stock valued at $16,330,609 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike during the 2nd quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike in the 1st quarter valued at approximately $30,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the 2nd quarter worth about $30,000. Johnson Financial Group Inc. purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $31,000. Finally, Northwest Bank & Trust Co acquired a new position in CrowdStrike during the 4th quarter worth about $32,000. 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.