CrowdStrike’s (CRWD) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of CrowdStrike (NASDAQ:CRWD) in a report issued on Tuesday, Benzinga reports. They currently have a $400.00 price objective on the stock.

A number of other brokerages have also commented on CRWD. Robert W. Baird lowered their price objective on CrowdStrike from $335.00 to $315.00 and set an outperform rating on the stock in a report on Thursday, August 29th. The Goldman Sachs Group lowered their price target on CrowdStrike from $400.00 to $295.00 and set a buy rating on the stock in a report on Thursday, August 15th. Susquehanna reissued a positive rating and issued a $310.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Cantor Fitzgerald reaffirmed an overweight rating and set a $350.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Finally, UBS Group dropped their target price on shares of CrowdStrike from $330.00 to $310.00 and set a buy rating on the stock in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $326.50.

CrowdStrike Price Performance

NASDAQ CRWD opened at $281.48 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $69.00 billion, a PE ratio of 531.10, a price-to-earnings-growth ratio of 19.60 and a beta of 1.09. CrowdStrike has a 12-month low of $160.67 and a 12-month high of $398.33. The company has a 50 day moving average price of $261.24 and a two-hundred day moving average price of $311.60.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. As a group, equities analysts predict that CrowdStrike will post 0.53 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Anurag Saha sold 1,683 shares of the company’s 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 transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The disclosure for this sale can be found here. Insiders have sold 111,962 shares of company stock worth $34,477,948 in the last three months. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CRWD. Paragon Capital Management Inc. increased its position in shares of CrowdStrike by 4.9% during the 2nd quarter. Paragon Capital Management Inc. now owns 9,240 shares of the company’s stock worth $3,541,000 after purchasing an additional 432 shares during the last quarter. Centaurus Financial Inc. increased its position in CrowdStrike by 211.0% during the second quarter. Centaurus Financial Inc. now owns 2,435 shares of the company’s stock worth $933,000 after buying an additional 1,652 shares during the last quarter. Anchor Investment Management LLC raised its stake in CrowdStrike by 130.0% in the second quarter. Anchor Investment Management LLC now owns 230 shares of the company’s stock valued at $88,000 after buying an additional 130 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of CrowdStrike in the second quarter valued at approximately $41,836,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in shares of CrowdStrike by 24.3% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock worth $3,855,000 after acquiring an additional 1,966 shares during the period. 71.16% of the stock is currently 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.