Shares of CrowdStrike (NASDAQ:CRWD – Get Free Report) have received an average recommendation of “Moderate Buy” from the forty-five ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and twenty-eight have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $453.17.
Several research firms recently issued reports on CRWD. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Rosenblatt Securities increased their price objective on CrowdStrike from $450.00 to $515.00 and gave the stock a “buy” rating in a report on Monday, June 2nd. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Thursday, June 5th. Cantor Fitzgerald upped their target price on CrowdStrike from $440.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th.
Get Our Latest Research Report on CRWD
CrowdStrike Stock Performance
CrowdStrike (NASDAQ:CRWD – Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS. Analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.
Insider Activity
In other news, insider Shawn Henry sold 2,547 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 82,071 shares of the company’s stock, valued at $30,034,703.16. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $482.50, for a total value of $4,825,000.00. Following the sale, the director now directly owns 18,297 shares in the company, valued at $8,828,302.50. This trade represents a 35.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 201,748 shares of company stock worth $89,478,971 over the last 90 days. 3.32% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the stock. Cloud Capital Management LLC purchased a new stake in CrowdStrike in the first quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after buying an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new position in shares of CrowdStrike in the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 58 shares during the period. Finally, FPC Investment Advisory Inc. increased its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.
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.
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