JMP Securities Reaffirms Market Outperform Rating for CrowdStrike (NASDAQ:CRWD)

JMP Securities reaffirmed their market outperform rating on shares of CrowdStrike (NASDAQ:CRWD - Free Report) in a research note issued to investors on Wednesday morning,Benzinga reports. JMP Securities currently has a $500.00 price target on the stock.

CRWD has been the subject of a number of other research reports. Evercore ISI reiterated an "in-line" rating and issued a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday. Piper Sandler set a $347.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Cantor Fitzgerald raised their target price on shares of CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, May 30th. UBS Group restated a "buy" rating on shares of CrowdStrike in a report on Tuesday. Finally, Stephens raised their target price on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $449.38.

CrowdStrike Stock Performance

Shares of CRWD stock traded up $2.38 during mid-day trading on Wednesday, hitting $462.94. The stock had a trading volume of 6,174,926 shares, compared to its average volume of 5,115,577. The company's 50-day simple moving average is $410.85 and its 200-day simple moving average is $386.40. 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 PEG ratio of 17.86 and a beta of 1.22. 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 announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The business's revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. Sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other news, Director Gerhard Watzinger sold 10,000 shares of the business's stock in a transaction on 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 transaction, the director now owns 29,500 shares of the company's stock, valued at approximately $14,425,500. The trade was a 25.32% decrease in their ownership of the stock. The sale was disclosed in a legal 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 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 directly owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 211,681 shares of company stock worth $87,081,236 over the last 90 days. Insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FSA Wealth Management LLC raised its position in CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after purchasing an additional 23 shares during the last quarter. Jacobi Capital Management LLC raised its position in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after purchasing an additional 25 shares during the last quarter. Tradewinds Capital Management LLC raised its position in CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after purchasing an additional 25 shares during the last quarter. Close Asset Management Ltd raised its position in CrowdStrike by 23.8% in the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after purchasing an additional 25 shares during the last quarter. Finally, Ramirez Asset Management Inc. raised its position in shares of CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after acquiring an additional 25 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

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.