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

Westpark Capital restated their hold rating on shares of CrowdStrike (NASDAQ:CRWD) in a research report released on Thursday,Benzinga reports.

Several other analysts have also commented on CRWD. Rosenblatt Securities increased their price target on shares of CrowdStrike from $450.00 to $515.00 and gave the company a “buy” rating in a research report on Monday, June 2nd. Barclays set a $500.00 price objective on shares of CrowdStrike in a research note on Tuesday. Truist Financial restated a “buy” rating and issued a $500.00 target price (up from $450.00) on shares of CrowdStrike in a research note on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $475.00 price target (up from $420.00) on shares of CrowdStrike in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $450.43.

CrowdStrike Price Performance

Shares of CRWD stock opened at $468.41 on Thursday. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $491.20. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $415.18 and a two-hundred day simple moving average of $388.29. The stock has a market capitalization of $116.11 billion, a price-to-earnings ratio of 918.47, a P/E/G ratio of 17.86 and a beta of 1.22.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. The business 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 company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. On average, analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, CFO Burt W. Podbere sold 13,529 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.10, for a total transaction of $4,844,734.90. Following the sale, the chief financial officer now owns 244,739 shares in the company, valued at approximately $87,641,035.90. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 211,681 shares of company stock valued at $87,081,236 in the last quarter. 3.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently modified their holdings of CRWD. Norges Bank acquired a new position in CrowdStrike in the 4th quarter worth about $1,111,542,000. Nuveen LLC purchased a new stake in shares of CrowdStrike in the first quarter valued at approximately $595,766,000. Jennison Associates LLC raised its stake in shares of CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock worth $2,314,785,000 after buying an additional 1,144,295 shares during the period. GAMMA Investing LLC raised its stake in shares of CrowdStrike by 50,536.2% during the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company’s stock worth $383,132,000 after buying an additional 1,084,506 shares during the period. Finally, Pathstone Holdings LLC lifted its position in shares of CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock valued at $440,116,000 after buying an additional 1,017,678 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other 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.