CrowdStrike (NASDAQ:CRWD) Earns Buy Rating from Analysts at Roth Capital

Roth Capital began coverage on shares of CrowdStrike (NASDAQ:CRWD - Free Report) in a research report report published on Wednesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $410.00 price objective on the stock.

Several other equities research analysts also recently commented on the stock. Scotiabank restated a "sector perform" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Guggenheim restated a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Robert W. Baird lowered their price target on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Truist Financial dropped their price target on CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Finally, Evercore ISI raised their price objective on CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus price target of $400.76.

CrowdStrike Trading Up 2.6 %

NASDAQ CRWD traded up $10.83 on Wednesday, hitting $424.88. 3,330,958 shares of the company were exchanged, compared to its average volume of 5,066,026. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59. The firm has a market capitalization of $105.32 billion, a P/E ratio of 833.11, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The company's 50 day moving average price is $369.96 and its 200-day moving average price is $361.78.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Michael Sentonas sold 13,543 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now directly owns 405,308 shares of the company's stock, valued at approximately $145,351,554.96. This trade represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,375 shares of company stock valued at $46,197,236. Insiders own 4.34% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Berbice Capital Management LLC acquired a new position in CrowdStrike in the 4th quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. raised its stake 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. Fortitude Family Office LLC lifted its position in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. boosted 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 buying an additional 73 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

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.