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

CrowdStrike (NASDAQ:CRWD)‘s stock had its “market outperform” rating reiterated by JMP Securities in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $500.00 target price on the stock. JMP Securities’ target price indicates a potential upside of 11.14% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. Wedbush lifted their price target on CrowdStrike from $475.00 to $525.00 and gave the stock an “outperform” rating in a research report on Tuesday. Rosenblatt Securities lifted their price objective on shares of CrowdStrike from $450.00 to $515.00 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. increased their price target on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Robert W. Baird lowered their price target on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Finally, Cantor Fitzgerald upped their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $424.90.

CrowdStrike Stock Down 8.0%

CrowdStrike stock opened at $449.90 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $491.20. The company has a market capitalization of $111.52 billion, a PE ratio of 886.45, a PEG ratio of 17.86 and a beta of 1.22. The firm’s fifty day moving average is $408.78 and its 200 day moving average is $385.89.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company’s revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. As a group, sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Gerhard Watzinger sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $469.00, for a total transaction of $4,690,000.00. Following the completion of the transaction, the director now directly owns 39,500 shares in the company, valued at approximately $18,525,500. This trade represents a 20.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 195,431 shares of company stock valued at $79,162,548. Insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently made changes to their positions in CRWD. Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock worth $8,051,011,000 after acquiring an additional 908,554 shares during the period. Jennison Associates LLC raised its position in CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after buying an additional 1,144,295 shares during the period. Geode Capital Management LLC boosted its position in CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank bought a new position in shares of CrowdStrike during the 4th quarter valued at $1,111,542,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of CrowdStrike by 52.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock worth $977,149,000 after acquiring an additional 955,529 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.