CrowdStrike’s (CRWD) In-Line Rating Reiterated at Evercore ISI

Evercore ISI reissued their in-line rating on shares of CrowdStrike (NASDAQ:CRWD) in a report issued on Wednesday morning, MarketBeat reports. They currently have a $440.00 target price on the stock, down from their prior target price of $450.00.

A number of other equities analysts have also recently commented on the stock. Morgan Stanley boosted their price target on shares of CrowdStrike from $415.00 to $455.00 and gave the stock an “overweight” rating in a research note on Thursday, May 15th. Barclays set a $500.00 price target on shares of CrowdStrike in a research note on Tuesday. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Stifel Nicolaus set a $480.00 price target on shares of CrowdStrike and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Finally, UBS Group reaffirmed a “buy” rating on shares of CrowdStrike in a research note on Tuesday. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $450.43.

CrowdStrike Stock Up 1.2%

CRWD opened at $468.41 on Wednesday. The company has a fifty day moving average price of $415.18 and a 200-day moving average price of $388.02. The firm has a market capitalization of $116.11 billion, a P/E ratio of 918.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike has a one year low of $200.81 and a one year high of $491.20.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 EPS. Equities research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, Director Gerhard Watzinger sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total value of $4,890,000.00. Following the sale, the director now directly owns 29,500 shares of the company’s stock, valued at $14,425,500. This represents a 25.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 55,556 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly owns 2,192,610 shares in the company, valued at $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 211,681 shares of company stock valued at $87,081,236 in the last three months. 3.32% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

Institutional investors have recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in CrowdStrike during the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC grew its position in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in CrowdStrike during the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. grew its position in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Finally, FPC Investment Advisory Inc. grew its position in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other 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.