CrowdStrike (NASDAQ:CRWD) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of CrowdStrike (NASDAQ:CRWDFree Report) in a report published on Monday, Benzinga reports. The brokerage currently has a $330.00 price objective on the stock.

Several other brokerages have also issued reports on CRWD. BTIG Research lowered CrowdStrike from a buy rating to a neutral rating in a research report on Monday, July 22nd. Evercore ISI decreased their target price on CrowdStrike from $350.00 to $325.00 and set an outperform rating for the company in a research report on Tuesday, July 30th. Scotiabank decreased their target price on CrowdStrike from $300.00 to $265.00 and set a sector perform rating for the company in a research report on Wednesday, August 14th. Mizuho decreased their target price on CrowdStrike from $390.00 to $370.00 and set a buy rating for the company in a research report on Wednesday, June 5th. Finally, Redburn Atlantic lowered CrowdStrike from a neutral rating to a sell rating and decreased their target price for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $326.50.

Read Our Latest Analysis on CRWD

CrowdStrike Trading Up 1.3 %

CRWD opened at $283.75 on Monday. The business has a 50 day simple moving average of $261.12 and a two-hundred day simple moving average of $309.88. The firm has a market capitalization of $69.05 billion, a price-to-earnings ratio of 535.38, a PEG ratio of 19.60 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike has a one year low of $160.92 and a one year high of $398.33.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 EPS. Analysts predict that CrowdStrike will post 0.53 EPS for the current year.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,683 shares of CrowdStrike 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 completion of the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the sale, the insider now directly owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The disclosure for this sale can be found here. Insiders sold 96,962 shares of company stock valued at $28,774,798 over the last 90 days. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike during the second quarter valued at about $25,000. Family Firm Inc. purchased a new position in shares of CrowdStrike in the second quarter valued at about $30,000. Itau Unibanco Holding S.A. purchased a new position in shares of CrowdStrike in the second quarter valued at about $33,000. Unique Wealth Strategies LLC purchased a new position in shares of CrowdStrike in the second quarter valued at about $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new position in shares of CrowdStrike in the first quarter valued at about $30,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Company Profile

(Get Free Report)

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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