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

Rosenblatt Securities reiterated their buy rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a $325.00 price target on the stock.

A number of other equities research analysts also recently commented on CRWD. Jefferies Financial Group reduced their target price on CrowdStrike from $400.00 to $300.00 and set a buy rating on the stock in a research report on Wednesday, July 31st. Needham & Company LLC restated a buy rating and issued a $350.00 price objective on shares of CrowdStrike in a report on Friday, September 6th. TD Cowen decreased their target price on shares of CrowdStrike from $400.00 to $380.00 and set a buy rating on the stock in a research report on Thursday, August 29th. Sanford C. Bernstein dropped their price target on shares of CrowdStrike from $334.00 to $327.00 and set an outperform rating for the company in a research report on Thursday, September 5th. Finally, Susquehanna restated a positive rating and issued a $310.00 price objective on shares of CrowdStrike in a report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $327.03.

CrowdStrike Trading Up 8.1 %

Shares of CRWD stock opened at $299.85 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a twelve month low of $157.59 and a twelve month high of $398.33. The company’s 50-day moving average price is $265.90 and its 200-day moving average price is $312.40. The stock has a market cap of $72.97 billion, a price-to-earnings ratio of 565.75, a PEG ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. As a group, equities analysts predict that CrowdStrike will post 0.56 earnings per share for the current year.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The disclosure for this sale can be found here. Insiders have sold 45,577 shares of company stock valued at $16,330,609 in the last ninety days. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently modified their holdings of the business. Arlington Financial Advisors LLC increased its stake in CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after buying an additional 30 shares during the period. Saturna Capital Corp increased its stake in CrowdStrike by 2.7% in the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after buying an additional 33 shares during the period. Means Investment CO. Inc. increased its stake in CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after buying an additional 35 shares during the period. Shepherd Financial Partners LLC increased its stake in CrowdStrike by 1.4% in the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after buying an additional 36 shares during the period. Finally, Albion Financial Group UT increased its stake in CrowdStrike by 3.7% in the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after buying an additional 39 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

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.