CrowdStrike (NASDAQ:CRWD) Rating Reiterated by Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of CrowdStrike (NASDAQ:CRWD) in a report released on Friday morning, Benzinga reports. They currently have a $350.00 price target on the stock.

Other equities analysts have also recently issued research reports about the company. Rosenblatt Securities dropped their price target on CrowdStrike from $350.00 to $330.00 and set a buy rating on the stock in a research note on Monday, August 26th. Oppenheimer dropped their target price on shares of CrowdStrike from $450.00 to $365.00 and set an outperform rating on the stock in a research report on Thursday, August 29th. Canaccord Genuity Group reduced their price target on shares of CrowdStrike from $340.00 to $330.00 and set a buy rating for the company in a research report on Thursday, August 29th. Westpark Capital reaffirmed a hold rating on shares of CrowdStrike in a research note on Thursday, August 29th. Finally, UBS Group cut their target price on shares of CrowdStrike from $330.00 to $310.00 and set a buy rating on the stock in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $327.16.

CrowdStrike Stock Down 3.9 %

CRWD stock opened at $246.39 on Friday. The firm has a market cap of $59.96 billion, a PE ratio of 464.89, a P/E/G ratio of 13.44 and a beta of 1.09. CrowdStrike has a 12 month low of $157.59 and a 12 month high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.80. The firm has a 50 day simple moving average of $289.69 and a 200 day simple moving average of $315.83.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data 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%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS. Equities research analysts forecast that CrowdStrike will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO George Kurtz sold 55,587 shares of CrowdStrike stock in a transaction on Friday, June 21st. The shares were sold at an average price of $376.45, for a total value of $20,925,726.15. Following the transaction, the chief executive officer now owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total value of $20,925,726.15. Following the sale, the chief executive officer now owns 1,127,843 shares of the company’s stock, valued at approximately $424,576,497.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The disclosure for this sale can be found here. In the last three months, insiders sold 130,219 shares of company stock valued at $48,856,294. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike during the first quarter worth $30,000. Family Firm Inc. bought a new stake in CrowdStrike in the 2nd quarter valued at $30,000. Johnson Financial Group Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at $31,000. Finally, Northwest Bank & Trust Co bought a new position in shares of CrowdStrike during the 4th quarter worth about $32,000. 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.