CrowdStrike (NASDAQ:CRWD) Rating Increased to Strong-Buy at Wedbush

CrowdStrike (NASDAQ:CRWD) was upgraded by analysts at Wedbush to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

A number of other research analysts have also issued reports on the stock. JMP Securities reissued a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Tuesday, September 24th. Oppenheimer reduced their target price on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Thursday, September 19th. KeyCorp upped their price target on shares of CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Finally, Susquehanna reaffirmed a “positive” rating and issued a $310.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. One investment 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike Trading Down 0.1 %

NASDAQ CRWD opened at $310.15 on Thursday. CrowdStrike has a one year low of $170.17 and a one year high of $398.33. The company has a 50-day simple moving average of $276.25 and a 200-day simple moving average of $308.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $75.48 billion, a PE ratio of 585.19, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted 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. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. On average, equities analysts forecast that CrowdStrike will post 0.53 earnings per share for the current year.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 shares of the business’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 transaction of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the sale, the director now directly owns 821,766 shares of the company’s stock, valued at $263,277,391.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the business’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 transaction 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,212 shares of company stock valued at $30,529,413. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings 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 worth $671,828,000 after buying an additional 564,662 shares during the period. Acadian Asset Management LLC boosted its holdings 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 worth $177,865,000 after buying an additional 477,706 shares during the period. Vanguard Group Inc. boosted its holdings in shares of CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after buying an additional 315,280 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of CrowdStrike by 429.2% during the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after buying an additional 242,052 shares during the period. Finally, Swedbank AB bought a new stake in shares of CrowdStrike during the 1st quarter worth $73,972,000. 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.