CrowdStrike's (CRWD) "Hold" Rating Reaffirmed at Cfra

CrowdStrike (NASDAQ:CRWD - Get Free Report)'s stock had its "hold" rating reissued by Cfra in a research report issued on Thursday,Benzinga reports. They presently have a $555.00 price objective on the stock, up from their prior price objective of $517.00. Cfra's price target would indicate a potential upside of 13.94% from the stock's current price.

CRWD has been the topic of several other research reports. JMP Securities reaffirmed a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. BMO Capital Markets raised their target price on CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. UBS Group reiterated a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Finally, Cantor Fitzgerald lifted their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $456.29.

CrowdStrike Stock Performance

CrowdStrike stock traded down $26.40 during trading hours on Thursday, hitting $487.11. The stock had a trading volume of 4,132,893 shares, compared to its average volume of 4,774,340. The company has a 50-day moving average of $468.34 and a two-hundred day moving average of $409.08. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a market cap of $121.41 billion, a PE ratio of -705.96 and a beta of 1.16. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.93 EPS. The business's quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,768 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total transaction of $869,449.36. Following the completion of the transaction, the chief accounting officer directly owned 41,251 shares in the company, valued at $20,286,004.27. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total value of $3,202,687.50. Following the completion of the transaction, the director directly owned 781,011 shares of the company's stock, valued at $400,213,466.73. This represents a 0.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 255,821 shares of company stock valued at $118,672,681 in the last ninety days. 3.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after buying an additional 908,554 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $1,111,542,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of CrowdStrike by 52.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock worth $977,149,000 after acquiring an additional 955,529 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other 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.

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