CrowdStrike (NASDAQ:CRWD) Coverage Initiated at CICC Research

Research analysts at CICC Research initiated coverage on shares of CrowdStrike (NASDAQ:CRWD) in a report released on Monday,Benzinga reports. The brokerage set a “market perform” rating and a $295.00 price target on the stock. CICC Research’s target price points to a potential downside of 13.99% from the company’s current price.

Several other brokerages have also recently issued reports on CRWD. JPMorgan Chase & Co. decreased their target price on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a report on Thursday, October 17th. BTIG Research downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Finally, KeyCorp increased their price objective on CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $331.90.

CrowdStrike Stock Up 1.8 %

Shares of CRWD stock traded up $6.22 during trading hours on Monday, hitting $342.97. 2,383,096 shares of the company’s stock traded hands, compared to its average volume of 5,012,261. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market cap of $84.07 billion, a price-to-earnings ratio of 497.06, a PEG ratio of 22.77 and a beta of 1.10. The stock’s fifty day simple moving average is $297.79 and its two-hundred day simple moving average is $310.36. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, analysts expect that CrowdStrike will post 0.52 EPS for the current year.

Insider Activity at CrowdStrike

In related news, CEO George Kurtz sold 55,325 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s 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 transaction, the insider now directly owns 120,298 shares in the company, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike during the second quarter valued at $25,000. Oakworth Capital Inc. bought a new position in CrowdStrike in the 3rd quarter worth about $28,000. Tsfg LLC increased its position in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares during the period. Family Firm Inc. purchased a new position in CrowdStrike during the 2nd quarter worth $30,000. Finally, Castleview Partners LLC bought a new stake in CrowdStrike during the 3rd quarter valued at $32,000. 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.