CrowdStrike (NASDAQ:CRWD) Earns “Outperform” Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of CrowdStrike (NASDAQ:CRWD) in a research report report published on Friday morning, Benzinga reports. They currently have a $315.00 price objective on the stock.

A number of other equities research analysts have also recently commented on CRWD. KeyCorp reduced their target price on shares of CrowdStrike from $440.00 to $420.00 and set an overweight rating for the company in a research report on Wednesday, July 17th. Cantor Fitzgerald reiterated an overweight rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Friday, June 21st. Rosenblatt Securities lowered their target price on CrowdStrike from $420.00 to $350.00 and set a buy rating on the stock in a report on Wednesday, July 24th. Evercore ISI cut their price target on CrowdStrike from $350.00 to $325.00 and set an outperform rating for the company in a report on Tuesday, July 30th. Finally, Robert W. Baird lowered their price objective on CrowdStrike from $350.00 to $335.00 and set an outperform rating on the stock in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $351.24.

CrowdStrike Price Performance

CRWD stock traded up $10.57 during trading on Friday, hitting $232.62. The stock had a trading volume of 8,270,592 shares, compared to its average volume of 5,393,524. CrowdStrike has a twelve month low of $140.52 and a twelve month high of $398.33. The company’s 50-day moving average price is $340.16 and its two-hundred day moving average price is $324.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market capitalization of $56.61 billion, a P/E ratio of 435.69, a PEG ratio of 11.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The firm had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. As a group, research analysts predict that CrowdStrike will post 0.87 EPS for the current fiscal year.

Insider Activity

In related news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $329.10, for a total transaction of $3,949,200.00. Following the transaction, the chief financial officer now owns 308,593 shares of the company’s stock, valued at approximately $101,557,956.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,643 shares of company stock worth $54,992,604. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of CRWD. Arlington Financial Advisors LLC increased its holdings in shares of 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 acquiring an additional 30 shares during the last quarter. Saturna Capital Corp boosted its holdings in CrowdStrike by 2.7% in the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after purchasing an additional 33 shares in the last quarter. Means Investment CO. Inc. increased its stake in CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after purchasing an additional 35 shares during the last quarter. Shepherd Financial Partners LLC raised its holdings in CrowdStrike by 1.4% during the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after purchasing an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of CrowdStrike by 2.2% during the 1st quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock worth $582,000 after buying an additional 39 shares during the last quarter. 71.16% of the stock is currently 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.