CrowdStrike (NASDAQ:CRWD) Now Covered by CICC Research

CICC Research started coverage on shares of CrowdStrike (NASDAQ:CRWD) in a research report sent to investors on Monday,Benzinga reports. The brokerage issued a market perform rating and a $295.00 price target on the stock.

Other equities analysts have also recently issued research reports about the stock. Citigroup cut their target price on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Royal Bank of Canada reduced their target price on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Evercore ISI dropped their price target on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. BNP Paribas assumed coverage on CrowdStrike in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price objective on the stock. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $334.33.

CrowdStrike Stock Performance

CRWD opened at $357.55 on Monday. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $398.33. The stock has a market cap of $87.65 billion, a P/E ratio of 518.19, a P/E/G ratio of 23.89 and a beta of 1.10. The stock’s 50 day simple moving average is $305.77 and its 200 day simple moving average is $311.53. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 earnings per share. As a group, equities analysts anticipate that CrowdStrike will post 0.52 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the 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 owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently added to or reduced their stakes in CRWD. Arlington Financial Advisors LLC boosted its position in 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 last quarter. Synergy Financial Group LTD lifted its stake in shares of CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after acquiring an additional 30 shares in the last quarter. Sunpointe LLC boosted its holdings in CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after purchasing an additional 34 shares during the last quarter. Hilltop Holdings Inc. grew its stake in CrowdStrike by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after purchasing an additional 34 shares in the last quarter. Finally, Means Investment CO. Inc. increased its holdings in CrowdStrike by 1.8% during the 2nd 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.