CrowdStrike's (CRWD) "Outperform" Rating Reiterated at Raymond James

Raymond James reissued their outperform rating on shares of CrowdStrike (NASDAQ:CRWD - Free Report) in a report issued on Wednesday morning,Benzinga reports. Raymond James currently has a $485.00 price target on the stock, up from their prior price target of $390.00.

Other research analysts also recently issued reports about the company. Wells Fargo & Company lifted their price objective on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research report on Monday. Truist Financial restated a "buy" rating and set a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a research report on Wednesday. Cantor Fitzgerald lifted their price objective on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $475.00 target price (up from $420.00) on shares of CrowdStrike in a research note on Wednesday. Finally, DZ Bank cut shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price for the company. in a research note on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $449.38.

CrowdStrike Price Performance

Shares of CRWD stock traded up $2.38 during midday trading on Wednesday, reaching $462.94. 6,174,926 shares of the company traded hands, compared to its average volume of 5,115,577. The firm's 50 day simple moving average is $410.85 and its two-hundred day simple moving average is $386.40. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $491.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $114.75 billion, a PE ratio of 907.74, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.93 EPS. The company's quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the completion of the sale, the director now owns 29,500 shares in the company, valued at approximately $14,425,500. This trade represents a 25.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 211,681 shares of company stock worth $87,081,236 in the last quarter. 3.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently modified their holdings of CRWD. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike in the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC raised 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 valued at $26,000 after purchasing an additional 40 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in shares of CrowdStrike in the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the last quarter. Finally, FPC Investment Advisory Inc. grew its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after buying an additional 73 shares during the last quarter. 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.