CrowdStrike's (CRWD) Buy Rating Reaffirmed at Truist Financial

Truist Financial reiterated their buy rating on shares of CrowdStrike (NASDAQ:CRWD - Free Report) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $500.00 target price on the stock, up from their previous target price of $450.00.

CRWD has been the subject of several other research reports. DA Davidson upped their price target on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday. Rosenblatt Securities upped their price target on CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research note on Monday. Royal Bank of Canada raised their target price on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a report on Wednesday. Wedbush upped their price target on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, KeyCorp dropped their target price on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $449.38.

CrowdStrike Stock Up 0.5%

NASDAQ CRWD traded up $2.38 on Wednesday, reaching $462.94. The stock had a trading volume of 6,174,926 shares, compared to its average volume of 5,115,577. The business has a 50 day moving average price of $410.85 and a 200 day moving average price of $386.40. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $491.20. The company 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.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $1.10 billion during 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 was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. On average, analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares of the company's stock, valued at $31,669,042. This represents a 4.78% decrease in their ownership of the stock. 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 90 days. Corporate insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRWD. Norges Bank bought a new stake in CrowdStrike during the 4th quarter worth about $1,111,542,000. Nuveen LLC bought a new stake in shares of CrowdStrike in the 1st quarter valued at about $595,766,000. Jennison Associates LLC increased its stake in shares of CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after acquiring an additional 1,084,506 shares during the last quarter. Finally, Pathstone Holdings LLC increased its stake in shares of CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after acquiring an additional 1,017,678 shares during the last quarter. 71.16% of the stock is 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.