CrowdStrike (NASDAQ:CRWD) Given In-Line Rating at Evercore ISI

CrowdStrike (NASDAQ:CRWD - Get Free Report)'s stock had its "in-line" rating reaffirmed by research analysts at Evercore ISI in a research report issued to clients and investors on Wednesday, Marketbeat reports. They currently have a $440.00 target price on the stock, down from their prior target price of $450.00. Evercore ISI's target price indicates a potential downside of 4.96% from the stock's previous close.

Several other analysts also recently issued reports on the company. DA Davidson boosted their price objective on CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Rosenblatt Securities boosted their price target on shares of CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a report on Monday. Mizuho downgraded shares of CrowdStrike from an "outperform" rating to a "neutral" rating and set a $425.00 price target for the company. in a research report on Thursday, May 15th. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Roth Capital assumed coverage on shares of CrowdStrike in a research note on Wednesday, April 23rd. They set a "buy" rating and a $410.00 target price on the stock. Two investment 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $449.38.

CrowdStrike Price Performance

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

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) 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 analysts' expectations of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company's quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 EPS. Research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $484.59, for a total value of $3,028,687.50. Following the transaction, the director now owns 755,592 shares of the company's stock, valued at approximately $366,152,327.28. This represents a 0.82% 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, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the transaction, the chief executive officer now owns 2,192,610 shares of the company's stock, valued at $981,280,679.40. The trade was a 2.47% 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 valued at $87,081,236 in the last 90 days. 3.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently bought and sold shares of the company. FSA Wealth Management LLC lifted its stake in CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after acquiring an additional 23 shares in the last quarter. Jacobi Capital Management LLC boosted its position in CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after purchasing an additional 25 shares during the last quarter. Tradewinds Capital Management LLC raised its stake in shares of CrowdStrike by 20.8% during 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 in the last quarter. Close Asset Management Ltd grew its stake in shares of CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after buying an additional 25 shares in the last quarter. Finally, Ramirez Asset Management Inc. increased its stake in shares of CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Company Profile

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.