Rosenblatt Securities Reaffirms Buy Rating for CrowdStrike (NASDAQ:CRWD)

Rosenblatt Securities reaffirmed their buy rating on shares of CrowdStrike (NASDAQ:CRWD) in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a $325.00 target price on the stock.

Several other research analysts have also commented on CRWD. Needham & Company LLC reissued a buy rating and issued a $350.00 price target on shares of CrowdStrike in a research report on Friday, September 6th. Jefferies Financial Group reduced their price target on CrowdStrike from $400.00 to $300.00 and set a buy rating for the company in a research report on Wednesday, July 31st. HSBC raised CrowdStrike from a hold rating to a buy rating and boosted their price target for the stock from $302.00 to $339.00 in a research report on Friday, August 30th. Wells Fargo & Company reduced their price target on CrowdStrike from $435.00 to $350.00 and set an overweight rating for the company in a research report on Monday, July 22nd. Finally, Westpark Capital reaffirmed a hold rating on shares of CrowdStrike in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $327.03.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $299.85 on Thursday. The firm has a 50 day moving average of $265.90 and a 200 day moving average of $312.40. 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 company has a market capitalization of $72.97 billion, a price-to-earnings ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. CrowdStrike has a 52 week low of $157.59 and a 52 week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its quarterly 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. The firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. On average, sell-side analysts predict that CrowdStrike will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 8,077 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 187,091 shares of the company’s stock, valued at approximately $70,157,254.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction dated 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 owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 8,077 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 187,091 shares of the company’s stock, valued at approximately $70,157,254.09. The disclosure for this sale can be found here. Insiders have sold 45,577 shares of company stock worth $16,330,609 over the last quarter. 4.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike during the second quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike during the first quarter valued at approximately $30,000. Family Firm Inc. acquired a new position in shares of CrowdStrike during the second quarter valued at approximately $30,000. Johnson Financial Group Inc. acquired a new position in shares of CrowdStrike during the fourth quarter valued at approximately $31,000. Finally, Northwest Bank & Trust Co acquired a new position in shares of CrowdStrike during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds 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.