CrowdStrike (NASDAQ:CRWD) Upgraded by Wedbush to “Strong-Buy”

CrowdStrike (NASDAQ:CRWD) was upgraded by investment analysts at Wedbush to a “strong-buy” rating in a research note issued on Thursday, Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Royal Bank of Canada lowered their target price on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Hsbc Global Res upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Truist Financial reiterated a “buy” rating and set a $325.00 target price on shares of CrowdStrike in a research report on Wednesday, August 28th. BMO Capital Markets upped their price objective on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, JMP Securities reissued a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-two have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.44.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $310.34 on Thursday. The firm has a market capitalization of $75.52 billion, a P/E ratio of 585.55, a PEG ratio of 19.94 and a beta of 1.10. The stock has a 50-day simple moving average of $274.87 and a two-hundred day simple moving average of $308.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike has a fifty-two week low of $170.17 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the business earned $0.06 earnings per share. On average, equities analysts forecast that CrowdStrike will post 0.53 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was 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 of the company’s stock, valued at approximately $46,563,660. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the sale, the director now directly owns 821,766 shares in the company, valued at $263,277,391.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,212 shares of company stock worth $30,529,413 over the last 90 days. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Aaron Wealth Advisors LLC boosted its stake in CrowdStrike by 28.2% in the third quarter. Aaron Wealth Advisors LLC now owns 878 shares of the company’s stock valued at $246,000 after acquiring an additional 193 shares in the last quarter. M3 Advisory Group LLC raised its position in CrowdStrike by 17.2% in the 3rd quarter. M3 Advisory Group LLC now owns 1,156 shares of the company’s stock valued at $324,000 after purchasing an additional 170 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in CrowdStrike by 181.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,923 shares of the company’s stock worth $539,000 after purchasing an additional 1,240 shares during the period. Onyx Bridge Wealth Group LLC grew its position in CrowdStrike by 52.2% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 2,042 shares of the company’s stock worth $573,000 after purchasing an additional 700 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in CrowdStrike by 2.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,415 shares of the company’s stock worth $14,420,000 after purchasing an additional 1,118 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.