JMP Securities Reaffirms Market Outperform Rating for CrowdStrike (NASDAQ:CRWD)

JMP Securities reiterated their market outperform rating on shares of CrowdStrike (NASDAQ:CRWD) in a research report sent to investors on Monday, Benzinga reports. They currently have a $400.00 target price on the stock.

A number of other equities research analysts have also recently issued reports on CRWD. Wedbush set a $330.00 target price on CrowdStrike in a research note on Thursday, October 17th. Morgan Stanley reiterated an “overweight” rating and issued a $325.00 price objective on shares of CrowdStrike in a research report on Monday, September 9th. Cantor Fitzgerald restated an “overweight” rating and issued a $350.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Sanford C. Bernstein cut their price target on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Trading Down 1.4 %

CrowdStrike stock opened at $298.88 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 $183.60 and a 1 year high of $398.33. The firm’s 50-day moving average is $285.51 and its 200-day moving average is $307.96. The company has a market cap of $73.26 billion, a P/E ratio of 433.16, a PEG ratio of 20.50 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its 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. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. On average, equities analysts expect that CrowdStrike will post 0.52 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the transaction, the insider now owns 124,298 shares of the company’s stock, valued at $38,455,315.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the sale, the insider now directly owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,212 shares of company stock valued at $30,529,413. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors have recently made changes to their positions in CRWD. Arlington Financial Advisors LLC raised its position in CrowdStrike by 1.5% during the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after acquiring an additional 30 shares in the last quarter. Saturna Capital Corp raised its holdings in shares of CrowdStrike by 2.7% during the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after purchasing an additional 33 shares in the last quarter. Sunpointe LLC lifted its stake in shares of CrowdStrike by 3.1% in the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after purchasing an additional 34 shares during the last quarter. Means Investment CO. Inc. boosted its holdings in CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after purchasing an additional 35 shares in the last quarter. Finally, Interchange Capital Partners LLC increased its position in CrowdStrike by 1.1% during the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock worth $1,036,000 after buying an additional 39 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.