CrowdStrike (NASDAQ:CRWD) Given Hold Rating at Westpark Capital

CrowdStrike (NASDAQ:CRWD)‘s stock had its “hold” rating restated by equities researchers at Westpark Capital in a research note issued to investors on Monday,Benzinga reports.

Several other equities analysts have also recently commented on the stock. Sanford C. Bernstein reduced their price target on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Scotiabank dropped their price objective on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. BNP Paribas started coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price objective on the stock. Piper Sandler reiterated an “overweight” rating and set a $290.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, CICC Research started coverage on shares of CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $337.15.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $372.26 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a 50-day moving average of $308.04 and a two-hundred day moving average of $311.89. The stock has a market cap of $91.25 billion, a P/E ratio of 539.51, a PEG ratio of 26.95 and a beta of 1.10. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 EPS. On average, research analysts expect that CrowdStrike will post 0.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock worth $32,465,110 in the last quarter. 4.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tri Ri Asset Management Corp bought a new position in shares of CrowdStrike during the 3rd quarter valued at $5,456,000. SOA Wealth Advisors LLC. raised its holdings in shares of CrowdStrike by 25.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 241 shares of the company’s stock valued at $68,000 after purchasing an additional 49 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of CrowdStrike by 44.7% during the 3rd quarter. Westside Investment Management Inc. now owns 4,988 shares of the company’s stock valued at $1,397,000 after purchasing an additional 1,542 shares in the last quarter. Advisory Resource Group raised its holdings in CrowdStrike by 37.9% in the 3rd quarter. Advisory Resource Group now owns 4,025 shares of the company’s stock worth $1,129,000 after acquiring an additional 1,106 shares during the period. Finally, Second Line Capital LLC raised its holdings in CrowdStrike by 28.4% in the 3rd quarter. Second Line Capital LLC now owns 972 shares of the company’s stock worth $273,000 after acquiring an additional 215 shares during the period. Institutional investors own 71.16% of the company’s stock.

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.