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

Westpark Capital reaffirmed their hold rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note released on Thursday, Benzinga reports.

Other equities research analysts have also recently issued reports about the stock. Raymond James dropped their target price on shares of CrowdStrike from $380.00 to $275.00 and set an outperform rating for the company in a research report on Thursday, August 29th. Mizuho reduced their target price on CrowdStrike from $390.00 to $370.00 and set a buy rating on the stock in a report on Wednesday, June 5th. Needham & Company LLC restated a buy rating and issued a $350.00 target price on shares of CrowdStrike in a research note on Friday, September 6th. Piper Sandler reiterated an overweight rating and issued a $290.00 price objective on shares of CrowdStrike in a report on Thursday. Finally, Canaccord Genuity Group lowered their price target on shares of CrowdStrike from $340.00 to $330.00 and set a buy rating for the company in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $327.03.

CrowdStrike Stock Up 8.1 %

Shares of NASDAQ CRWD opened at $299.85 on Thursday. The company has a market cap of $72.97 billion, a price-to-earnings ratio of 565.75, a PEG ratio of 16.14 and a beta of 1.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average is $265.90 and its 200 day moving average is $312.40. CrowdStrike has a 52 week low of $157.59 and a 52 week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its 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 company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. On average, equities research analysts expect that CrowdStrike will post 0.56 earnings per share for the current year.

Insider Activity

In related news, insider Shawn Henry sold 8,077 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $374.99, for a total value of $3,028,794.23. Following the transaction, the insider now owns 187,091 shares of the company’s stock, valued at $70,157,254.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other CrowdStrike news, insider Shawn Henry sold 8,077 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $374.99, for a total value of $3,028,794.23. Following the transaction, the insider now directly owns 187,091 shares in the company, valued at $70,157,254.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the sale, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. Insiders sold 45,577 shares of company stock valued at $16,330,609 in the last quarter. 4.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CRWD. Pathstone Holdings LLC bought a new stake in CrowdStrike during the 4th quarter worth approximately $450,418,000. Vanguard Group Inc. increased its stake in shares of CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after purchasing an additional 1,028,405 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after purchasing an additional 564,662 shares during the period. Acadian Asset Management LLC lifted its stake in shares of CrowdStrike by 619.0% during the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after buying an additional 477,706 shares in the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new stake in CrowdStrike in the 4th quarter worth $100,459,000. 71.16% of the stock is 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.