CrowdStrike (NASDAQ:CRWD) Stock Rating Reaffirmed by Piper Sandler

CrowdStrike (NASDAQ:CRWD)‘s stock had its “overweight” rating restated by investment analysts at Piper Sandler in a research report issued on Thursday, Benzinga reports. They presently have a $290.00 price objective on the stock. Piper Sandler’s price objective suggests a potential downside of 3.28% from the company’s current price.

Several other analysts also recently weighed in on the company. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Thursday, August 29th. Rosenblatt Securities lowered their price target on shares of CrowdStrike from $350.00 to $330.00 and set a “buy” rating for the company in a report on Monday, August 26th. Evercore ISI cut their price target on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. KeyCorp reduced their price target on shares of CrowdStrike from $440.00 to $420.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Finally, UBS Group lowered their target price on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $327.03.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $299.85 on Thursday. The business’s 50 day moving average price is $265.90 and its two-hundred day moving average price is $312.29. CrowdStrike has a twelve month low of $157.59 and a twelve month high of $398.33. The company has a market cap of $72.97 billion, a PE ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter last year, the business earned $0.06 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, analysts predict that CrowdStrike will post 0.56 EPS for the current year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the transaction, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,577 shares of company stock worth $16,330,609. 4.34% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

Several institutional investors and hedge funds have recently modified their holdings of CRWD. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike during the second quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of CrowdStrike in the first quarter worth about $30,000. Family Firm Inc. bought a new stake in shares of CrowdStrike in the 2nd quarter valued at about $30,000. Johnson Financial Group Inc. purchased a new position in CrowdStrike in the 4th quarter worth approximately $31,000. Finally, Northwest Bank & Trust Co bought a new stake in CrowdStrike in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.