Westpark Capital Reiterates “Hold” Rating for CrowdStrike (NASDAQ:CRWD)

CrowdStrike (NASDAQ:CRWD)‘s stock had its “hold” rating reaffirmed by Westpark Capital in a research report issued to clients and investors on Thursday,Benzinga reports.

CRWD has been the topic of a number of other research reports. Oppenheimer upped their price target on CrowdStrike from $410.00 to $520.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank of Canada upped their price target on CrowdStrike from $500.00 to $510.00 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets upped their target price on CrowdStrike from $405.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday. Rosenblatt Securities upped their target price on CrowdStrike from $450.00 to $515.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company upped their target price on CrowdStrike from $430.00 to $550.00 and gave the company an “overweight” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $449.38.

CrowdStrike Price Performance

CrowdStrike stock opened at $460.56 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $491.20. The stock has a market capitalization of $114.16 billion, a P/E ratio of 903.08, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The stock has a fifty day moving average of $410.85 and a 200-day moving average of $386.40.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, sell-side 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 firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total value of $4,890,000.00. Following the completion of the transaction, the director now directly owns 29,500 shares of the company’s stock, valued at $14,425,500. This trade represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $484.59, for a total value of $3,028,687.50. Following the completion of the transaction, the director now directly owns 755,592 shares of the company’s stock, valued at $366,152,327.28. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 211,681 shares of company stock valued at $87,081,236 over the last three months. Company insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of large investors have recently made changes to their positions in CRWD. Primoris Wealth Advisors LLC bought a new stake in CrowdStrike during the fourth quarter valued at $2,166,000. Arcadia Investment Management Corp MI boosted its stake in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after buying an additional 2,814 shares during the period. Trifecta Capital Advisors LLC boosted its stake in CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after buying an additional 8,561 shares during the period. Delta Financial Group Inc. bought a new stake in CrowdStrike during the fourth quarter valued at $336,000. Finally, Marshall Investment Management LLC bought a new stake in CrowdStrike during the fourth quarter valued at $2,494,000. 71.16% of the stock is owned by 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.