CrowdStrike (NASDAQ:CRWD) Given In-Line Rating at Evercore ISI

Evercore ISI reissued their in-line rating on shares of CrowdStrike (NASDAQ:CRWD) in a research report released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a $440.00 target price on the stock, down from their prior target price of $450.00.

CRWD has been the subject of a number of other reports. UBS Group reiterated a “buy” rating on shares of CrowdStrike in a research report on Tuesday. Cantor Fitzgerald upped their target price on CrowdStrike from $440.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. BTIG Research reiterated a “buy” rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upped their target price on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $449.38.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $460.56 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock’s fifty day moving average price is $410.85 and its two-hundred day moving average price is $386.40. CrowdStrike has a one year low of $200.81 and a one year high of $491.20. The firm has a market cap of $114.16 billion, a price-to-earnings ratio of 903.08, a P/E/G ratio of 17.86 and a beta of 1.22.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company’s revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. On average, equities analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity

In related news, insider Shawn Henry sold 2,547 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $365.96, for a total transaction of $932,100.12. Following the completion of the sale, the insider now owns 82,071 shares of the company’s stock, valued at $30,034,703.16. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 211,681 shares of company stock valued at $87,081,236. Company insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently added to or reduced their stakes in the business. Cloud Capital Management LLC acquired a new stake in CrowdStrike during the first quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC grew its stake in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after purchasing an additional 40 shares during the period. Vision Financial Markets LLC acquired a new stake in CrowdStrike during the first quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its stake in CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 58 shares during the period. Finally, FPC Investment Advisory Inc. grew its stake in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds 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.