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

Westpark Capital restated their hold rating on shares of CrowdStrike (NASDAQ:CRWD) in a report published on Monday morning,Benzinga reports.

Several other research firms also recently weighed in on CRWD. HSBC upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and lifted their target price for the company from $302.00 to $339.00 in a report on Friday, August 30th. BMO Capital Markets lifted their target price on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. 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 report on Thursday, August 29th. Barclays lifted their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Robert W. Baird dropped their price target on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $339.08.

CrowdStrike Stock Down 2.3 %

Shares of NASDAQ CRWD opened at $363.68 on Monday. The company has a 50 day simple moving average of $309.95 and a 200-day simple moving average of $312.22. The company has a market capitalization of $89.15 billion, a P/E ratio of 527.07, a P/E/G ratio of 26.95 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $398.33.

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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the firm earned $0.06 EPS. The business’s revenue was up 31.7% compared to the same quarter last year. On average, equities research analysts predict that CrowdStrike will post 0.49 earnings per share for the current year.

Insider Activity

In other news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the transaction, the director now owns 816,730 shares in the company, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,248 shares of company stock valued at $32,465,110. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Beacon Financial Advisory LLC acquired a new position in shares of CrowdStrike during the third quarter worth about $955,000. Sumitomo Mitsui Trust Group Inc. grew its position in CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after buying an additional 78,305 shares during the period. Burney Co. acquired a new position in CrowdStrike during the first quarter worth about $1,342,000. Doliver Advisors LP grew its position in CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after buying an additional 4,664 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after buying an additional 2,863 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.