CrowdStrike (NASDAQ:CRWD) Stock Rating Reaffirmed by JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note published on Tuesday morning, Benzinga reports. JMP Securities currently has a $400.00 target price on the stock.

A number of other equities research analysts also recently issued reports on CRWD. UBS Group reduced their price target on CrowdStrike from $330.00 to $310.00 and set a buy rating on the stock in a research report on Thursday, August 29th. BTIG Research downgraded CrowdStrike from a buy rating to a neutral rating in a research note on Monday, July 22nd. Piper Sandler restated an overweight rating and issued a $290.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Wedbush reiterated an outperform rating and set a $315.00 price target on shares of CrowdStrike in a research report on Friday, August 9th. Finally, Mizuho reduced their price objective on CrowdStrike from $390.00 to $370.00 and set a buy rating on the stock in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $326.50.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $281.48 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $261.24 and a 200 day simple moving average of $311.60. CrowdStrike has a 1-year low of $160.67 and a 1-year high of $398.33. The stock has a market cap of $69.00 billion, a P/E ratio of 531.10, a PEG ratio of 19.60 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period in the prior year, the company posted $0.06 earnings per share. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. Research analysts anticipate that CrowdStrike will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,962 shares of company stock worth $34,477,948. 4.34% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after buying an additional 315,280 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of CrowdStrike by 19.3% during the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after acquiring an additional 358,945 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of CrowdStrike by 3.0% during the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after acquiring an additional 60,607 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of CrowdStrike by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after purchasing an additional 77,100 shares during the last quarter. Finally, Pathstone Holdings LLC bought a new position in CrowdStrike in the 4th quarter worth about $450,418,000. 71.16% of the stock is owned by 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.