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

Westpark Capital reaffirmed their hold rating on shares of CrowdStrike (NASDAQ:CRWD) in a report issued on Monday morning,Benzinga reports.

Several other equities analysts also recently issued reports on the stock. Sanford C. Bernstein cut their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Oppenheimer decreased their price target on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Susquehanna reissued a “positive” rating and set a $310.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Citigroup lowered their price target on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, BNP Paribas assumed coverage on CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $355.80.

CrowdStrike Stock Down 4.6 %

Shares of NASDAQ CRWD opened at $347.59 on Monday. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $398.33. The stock’s fifty day simple moving average is $314.88 and its two-hundred day simple moving average is $313.01. The stock has a market capitalization of $85.20 billion, a PE ratio of 503.75, a price-to-earnings-growth ratio of 26.33 and a beta of 1.10. 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 (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the company earned $0.06 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. As a group, analysts expect that CrowdStrike will post 0.49 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock valued at $32,465,110 in the last three months. 4.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the 2nd quarter worth $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the third quarter worth $28,000. Tsfg LLC boosted its stake in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. purchased a new stake in CrowdStrike in the 2nd quarter worth approximately $30,000. Finally, Castleview Partners LLC acquired a new stake in CrowdStrike in the 3rd quarter worth about $32,000. Hedge funds and other 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.