CrowdStrike (NASDAQ:CRWD) Now Covered by Macquarie

Macquarie initiated coverage on shares of CrowdStrike (NASDAQ:CRWD - Free Report) in a report issued on Thursday, Marketbeat.com reports. The firm issued a neutral rating and a $465.00 price objective on the stock.

CRWD has been the topic of a number of other research reports. DA Davidson increased their price objective on shares of CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Susquehanna increased their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research note on Wednesday, June 4th. Wedbush raised their price target on shares of CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Barclays set a $500.00 price objective on shares of CrowdStrike in a research report on Tuesday, June 3rd. Finally, Oppenheimer upped their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $456.60.

CrowdStrike Stock Performance

CrowdStrike stock traded up $6.13 during mid-day trading on Thursday, reaching $475.96. 2,901,063 shares of the company traded hands, compared to its average volume of 4,755,357. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98. The company has a market capitalization of $118.63 billion, a price-to-earnings ratio of -689.80 and a beta of 1.16. The firm's fifty day moving average is $473.24 and its two-hundred day moving average is $413.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion for 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 business's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. On average, equities research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the transaction, the director directly owned 36,906 shares of the company's stock, valued at $17,306,330.58. The trade was a 29.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the sale, the president owned 422,204 shares of the company's stock, valued at approximately $201,391,308. This represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 255,294 shares of company stock valued at $118,670,500 over the last ninety days. Corporate insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently made changes to their positions in the stock. Financial Management Professionals Inc. increased its position in shares of CrowdStrike by 91.9% during the second quarter. Financial Management Professionals Inc. now owns 71 shares of the company's stock valued at $36,000 after acquiring an additional 34 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike during the first quarter valued at about $25,000. Vision Financial Markets LLC acquired a new stake in shares of CrowdStrike during the first quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. Finally, 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 valued at $27,000 after purchasing an additional 58 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.