CrowdStrike (NASDAQ:CRWD) Upgraded to Strong-Buy by Hsbc Global Res

CrowdStrike (NASDAQ:CRWD) was upgraded by stock analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research note issued on Friday, Zacks.com reports.

A number of other research analysts have also recently commented on CRWD. Royal Bank of Canada reduced their price target on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research report on Thursday. Sanford C. Bernstein cut their target price on shares of CrowdStrike from $381.00 to $315.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Evercore ISI cut their target price on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Needham & Company LLC cut their target price on shares of CrowdStrike from $375.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Wedbush restated an “outperform” rating and issued a $315.00 target price on shares of CrowdStrike in a report on Friday, August 9th. One 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. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $329.47.

CrowdStrike Trading Up 2.1 %

Shares of CRWD opened at $277.28 on Friday. The firm’s 50 day simple moving average is $301.88 and its 200 day simple moving average is $318.20. The company has a market capitalization of $67.48 billion, a P/E ratio of 523.17, a P/E/G ratio of 11.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. CrowdStrike has a 1-year low of $145.38 and a 1-year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same period last year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 31.7% on a year-over-year basis. Sell-side analysts forecast that CrowdStrike will post 0.87 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders sold a total of 130,219 shares of company stock valued at $48,856,294 in the last quarter. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike during the 2nd quarter valued at about $25,000. Hexagon Capital Partners LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at about $26,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike during the 1st quarter valued at about $30,000. Family Firm Inc. bought a new stake in shares of CrowdStrike during the 2nd quarter valued at about $30,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of CrowdStrike during the 4th quarter valued at about $31,000. 71.16% of the stock is currently owned by institutional investors.

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.