CrowdStrike (NASDAQ:CRWD) Coverage Initiated at CICC Research

Equities research analysts at CICC Research initiated coverage on shares of CrowdStrike (NASDAQ:CRWD) in a research note issued on Monday,Benzinga reports. The firm set a “market perform” rating and a $295.00 price target on the stock. CICC Research’s target price would suggest a potential downside of 16.50% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company decreased their target price on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. Stifel Nicolaus decreased their target price on CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Needham & Company LLC began coverage on CrowdStrike in a research note on Monday, September 23rd. They set a “buy” rating and a $360.00 target price on the stock. Finally, Robert W. Baird reduced their price target on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $331.90.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $353.29 on Monday. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $398.33. The business’s fifty day simple moving average is $301.83 and its 200-day simple moving average is $310.94. The firm has a market cap of $86.60 billion, a PE ratio of 512.01, a price-to-earnings-growth ratio of 22.77 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced 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 return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the prior year, the company posted $0.06 EPS. The company’s quarterly revenue was up 31.7% on a year-over-year basis. Equities analysts forecast that CrowdStrike will post 0.52 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Several hedge funds have recently modified their holdings of the business. Arlington Financial Advisors LLC lifted its holdings in shares of CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after buying an additional 30 shares during the period. Synergy Financial Group LTD lifted its holdings in shares of CrowdStrike by 0.8% in the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after buying an additional 30 shares during the period. Sunpointe LLC raised its holdings in CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after purchasing an additional 34 shares during the last quarter. Hilltop Holdings Inc. raised its holdings in CrowdStrike by 1.8% during the third quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after purchasing an additional 34 shares during the last quarter. Finally, Means Investment CO. Inc. raised its holdings in CrowdStrike by 1.8% during the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after purchasing an additional 35 shares during the last quarter. 71.16% of the stock is 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.