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

Piper Sandler restated their overweight rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note released on Thursday, Benzinga reports. They currently have a $290.00 price target on the stock.

Several other analysts also recently commented on the company. Evercore ISI reduced their price objective on CrowdStrike from $350.00 to $325.00 and set an outperform rating for the company in a research note on Tuesday, July 30th. JPMorgan Chase & Co. reduced their price objective on CrowdStrike from $400.00 to $330.00 and set an overweight rating for the company in a research note on Monday, July 29th. Wells Fargo & Company reduced their price objective on CrowdStrike from $435.00 to $350.00 and set an overweight rating for the company in a research note on Monday, July 22nd. Needham & Company LLC reaffirmed a buy rating and set a $350.00 price objective on shares of CrowdStrike in a research note on Friday, September 6th. Finally, Argus reduced their price objective on CrowdStrike from $400.00 to $325.00 and set a buy rating for the company in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $327.03.

CrowdStrike Stock Up 3.8 %

Shares of NASDAQ CRWD opened at $277.38 on Thursday. The company has a market capitalization of $67.50 billion, a price-to-earnings ratio of 523.36, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. 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 business has a 50-day moving average of $267.33 and a two-hundred day moving average of $312.39. CrowdStrike has a 1 year low of $157.59 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating 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 business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the business earned $0.06 EPS. The business’s quarterly revenue was up 31.7% on a year-over-year basis. On average, analysts forecast that CrowdStrike will post 0.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 8,077 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $374.99, for a total value of $3,028,794.23. Following the transaction, the insider now directly owns 187,091 shares of the company’s stock, valued at approximately $70,157,254.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Shawn Henry sold 8,077 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $374.99, for a total value of $3,028,794.23. Following the transaction, the insider now directly owns 187,091 shares of the company’s stock, valued at approximately $70,157,254.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the transaction, the director now directly owns 824,234 shares in the company, valued at $313,382,009.14. The disclosure for this sale can be found here. Insiders have sold a total of 45,577 shares of company stock valued at $16,330,609 in the last quarter. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Arlington Financial Advisors LLC raised its position 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 worth $778,000 after buying an additional 30 shares during the period. Saturna Capital Corp raised its position 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 during the period. Means Investment CO. Inc. raised its position 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 period. Shepherd Financial Partners LLC raised its position in CrowdStrike by 1.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after purchasing an additional 36 shares during the period. Finally, Albion Financial Group UT raised its position in CrowdStrike by 3.7% in the first quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after purchasing an additional 39 shares during the period. 71.16% of the stock is owned by hedge funds and other 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.