CrowdStrike (NASDAQ:CRWD) Now Covered by Analysts at Needham & Company LLC

Needham & Company LLC began coverage on shares of CrowdStrike (NASDAQ:CRWD) in a research report sent to investors on Monday, MarketBeat.com reports. The brokerage issued a buy rating and a $360.00 target price on the stock.

A number of other equities analysts have also recently commented on the stock. DA Davidson reaffirmed a buy rating and issued a $310.00 target price on shares of CrowdStrike in a report on Wednesday, September 18th. Royal Bank of Canada lowered their price target on CrowdStrike from $345.00 to $335.00 and set an outperform rating on the stock in a report on Thursday, August 29th. Westpark Capital reaffirmed a hold rating on shares of CrowdStrike in a research note on Thursday, September 19th. Robert W. Baird cut their price target on CrowdStrike from $335.00 to $315.00 and set an outperform rating for the company in a research note on Thursday, August 29th. Finally, Sanford C. Bernstein dropped their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an outperform rating on the stock in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $325.32.

CrowdStrike Trading Down 2.2 %

NASDAQ:CRWD opened at $293.14 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike has a 1 year low of $157.59 and a 1 year high of $398.33. The stock has a market cap of $71.34 billion, a P/E ratio of 553.09, a P/E/G ratio of 16.14 and a beta of 1.09. The stock has a 50-day simple moving average of $264.22 and a 200-day simple moving average of $312.02.

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

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the transaction, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the sale, the insider now directly owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 15,000 shares of the company’s 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 sale, the director now owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The disclosure for this sale can be found here. Insiders sold a total of 37,500 shares of company stock valued at $13,301,815 over the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of institutional investors have recently modified their holdings of the company. TrinityPoint Wealth LLC acquired a new position in CrowdStrike during the fourth quarter valued at approximately $277,000. Corient Private Wealth LLC boosted its position in CrowdStrike by 9.0% during the 4th quarter. Corient Private Wealth LLC now owns 22,849 shares of the company’s stock worth $5,834,000 after purchasing an additional 1,890 shares during the period. Assetmark Inc. increased its holdings in CrowdStrike by 8.4% in the 4th quarter. Assetmark Inc. now owns 4,777 shares of the company’s stock valued at $1,220,000 after purchasing an additional 369 shares in the last quarter. SageView Advisory Group LLC purchased a new position in CrowdStrike in the fourth quarter valued at about $349,000. Finally, Congress Wealth Management LLC DE lifted its stake in shares of CrowdStrike by 23.7% during the fourth quarter. Congress Wealth Management LLC DE now owns 3,784 shares of the company’s stock worth $966,000 after purchasing an additional 724 shares in the last quarter. 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.