CrowdStrike's (CRWD) Hold Rating Reaffirmed at Canaccord Genuity Group

CrowdStrike (NASDAQ:CRWD - Get Free Report)'s stock had its "hold" rating reaffirmed by equities researchers at Canaccord Genuity Group in a note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a $475.00 price objective on the stock, up from their previous price objective of $420.00. Canaccord Genuity Group's price objective indicates a potential upside of 2.61% from the company's current price.

Several other analysts also recently issued reports on CRWD. BMO Capital Markets lifted their price target on shares of CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Evercore ISI lifted their price objective on CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Morgan Stanley lifted their price objective on shares of CrowdStrike from $415.00 to $455.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. DA Davidson upped their price target on CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Susquehanna increased their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a research note on Wednesday, March 5th. Two 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $449.38.

CrowdStrike Stock Up 0.5%

Shares of NASDAQ CRWD traded up $2.38 during trading on Wednesday, hitting $462.94. 6,174,926 shares of the company traded hands, compared to its average volume of 5,159,022. The firm has a market capitalization of $114.75 billion, a price-to-earnings ratio of 907.74, a P/E/G ratio of 17.86 and a beta of 1.22. The business's fifty day moving average is $410.85 and its 200 day moving average is $386.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.10 billion for 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 firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.93 EPS. Equities research analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now directly owns 768,092 shares in the company, valued at approximately $248,984,702.72. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the business'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 transaction of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 211,681 shares of company stock worth $87,081,236 in the last ninety days. 3.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $1,111,542,000. Nuveen LLC acquired a new position in CrowdStrike in the first quarter valued at approximately $595,766,000. Jennison Associates LLC boosted its position in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of CrowdStrike by 50,536.2% during the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after purchasing an additional 1,084,506 shares during the period. Finally, Pathstone Holdings LLC grew its stake in shares of CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares during the period. Hedge funds and other institutional investors 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.