CrowdStrike’s (CRWD) Hold Rating Reaffirmed at Westpark Capital

Westpark Capital reaffirmed their hold rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note released on Tuesday morning, Benzinga reports.

Several other equities research analysts have also recently weighed in on CRWD. BTIG Research cut CrowdStrike from a buy rating to a neutral rating in a research note on Monday, July 22nd. Oppenheimer increased their price target on CrowdStrike from $355.00 to $400.00 and gave the company an outperform rating in a research note on Wednesday, June 5th. Morgan Stanley dropped their price target on CrowdStrike from $422.00 to $396.00 and set an overweight rating for the company in a research note on Monday, July 22nd. FBN Securities upgraded CrowdStrike to a strong-buy rating in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada dropped their price target on CrowdStrike from $420.00 to $380.00 and set an outperform rating for the company in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $359.16.

CrowdStrike Price Performance

CrowdStrike stock opened at $256.16 on Tuesday. CrowdStrike has a 12 month low of $140.52 and a 12 month high of $398.33. The stock’s 50 day moving average is $354.16 and its 200-day moving average is $326.00. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $62.34 billion, a price-to-earnings ratio of 483.33, a PEG ratio of 13.10 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. Equities research analysts expect that CrowdStrike will post 0.9 EPS for the current year.

Insider Activity

In other news, CFO Burt W. Podbere sold 15,753 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $305.15, for a total value of $4,807,027.95. Following the completion of the sale, the chief financial officer now directly owns 313,994 shares in the company, valued at approximately $95,815,269.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Burt W. Podbere sold 15,753 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $305.15, for a total value of $4,807,027.95. Following the transaction, the chief financial officer now owns 313,994 shares of the company’s stock, valued at approximately $95,815,269.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George Kurtz sold 56,279 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the transaction, the chief executive officer now directly owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. Insiders sold a total of 219,675 shares of company stock worth $76,931,522 in the last three months. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after buying an additional 315,280 shares in the last quarter. Jennison Associates LLC lifted its position in shares of CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares in the last quarter. Norges Bank bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $683,336,000. First Trust Advisors LP lifted its position in shares of CrowdStrike by 19.3% during the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after buying an additional 358,945 shares in the last quarter. Finally, Pathstone Holdings LLC bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $450,418,000. 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.