Wedbush Reaffirms “Outperform” Rating for CrowdStrike (NASDAQ:CRWD)

Wedbush restated their outperform rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note published on Friday, Benzinga reports. Wedbush currently has a $315.00 price target on the stock.

CRWD has been the topic of a number of other research reports. Redburn Atlantic cut shares of CrowdStrike from a neutral rating to a sell rating and dropped their price target for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. Rosenblatt Securities dropped their target price on shares of CrowdStrike from $420.00 to $350.00 and set a buy rating for the company in a research report on Wednesday, July 24th. Robert W. Baird lowered their target price on CrowdStrike from $350.00 to $335.00 and set an outperform rating for the company in a research report on Tuesday, July 23rd. FBN Securities raised CrowdStrike to a strong-buy rating in a research note on Wednesday, June 5th. Finally, Scotiabank downgraded shares of CrowdStrike from a sector outperform rating to a sector perform rating and reduced their target price for the company from $393.00 to $300.00 in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has a consensus rating of Moderate Buy and a consensus price target of $351.76.

CrowdStrike Price Performance

NASDAQ CRWD traded up $4.16 on Friday, hitting $222.05. The stock had a trading volume of 10,847,052 shares, compared to its average volume of 5,373,577. The company has a market capitalization of $54.04 billion, a price-to-earnings ratio of 420.22, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a 50-day moving average of $342.74 and a 200-day moving average of $324.93. CrowdStrike has a 52-week low of $140.52 and a 52-week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $921.04 million for 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 analysts expect that CrowdStrike will post 0.87 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the transaction, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, President Michael Sentonas sold 10,735 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the sale, the president now directly owns 411,166 shares in the company, valued at approximately $156,502,114.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares in the company, valued at $7,136,012.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,643 shares of company stock worth $54,992,604. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CRWD. Hexagon Capital Partners LLC acquired a new position in CrowdStrike in the fourth quarter valued at $26,000. Bear Mountain Capital Inc. acquired a new stake in CrowdStrike in the fourth quarter worth approximately $27,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike in the 1st quarter worth approximately $30,000. Family Firm Inc. bought a new stake in CrowdStrike during the second quarter worth approximately $30,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of CrowdStrike in the 4th quarter worth $31,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.