CrowdStrike (NASDAQ:CRWD) Receives Market Outperform Rating from JMP Securities

JMP Securities reissued their market outperform rating on shares of CrowdStrike (NASDAQ:CRWD) in a report released on Monday morning,Benzinga reports. JMP Securities currently has a $400.00 price objective on the stock.

Several other brokerages have also issued reports on CRWD. TD Cowen dropped their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Wedbush set a $330.00 price target on CrowdStrike in a research note on Thursday, October 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Guggenheim cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $330.00 price target on shares of CrowdStrike in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $330.78 on Monday. CrowdStrike has a 12 month low of $189.12 and a 12 month high of $398.33. 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 company has a market cap of $81.08 billion, a P/E ratio of 479.39, a PEG ratio of 20.21 and a beta of 1.10. The firm has a fifty day moving average price of $287.38 and a 200 day moving average price of $308.22.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for 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%. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 EPS. Sell-side analysts predict that CrowdStrike will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the transaction, the insider now directly owns 124,298 shares in the company, valued at approximately $38,455,315.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the transaction, the insider now owns 124,298 shares of the company’s stock, valued at $38,455,315.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,212 shares of company stock worth $30,529,413 over the last 90 days. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike in the 2nd quarter worth about $25,000. Family Firm Inc. bought a new position in CrowdStrike in the 2nd quarter worth about $30,000. Itau Unibanco Holding S.A. acquired a new stake in shares of CrowdStrike in the second quarter valued at approximately $33,000. Unique Wealth Strategies LLC bought a new stake in shares of CrowdStrike during the second quarter valued at approximately $36,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of CrowdStrike during the second quarter worth approximately $38,000. 71.16% of the stock is currently owned by institutional investors.

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.