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

JMP Securities restated their market outperform rating on shares of CrowdStrike (NASDAQ:CRWD - Free Report) in a research report released on Tuesday morning, Benzinga reports. The firm currently has a $400.00 price target on the stock.

A number of other brokerages have also weighed in on CRWD. Evercore ISI raised their target price on shares of CrowdStrike from $255.00 to $405.00 and gave the company an outperform rating in a research report on Wednesday, March 6th. Wells Fargo & Company upped their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the company an overweight rating in a research report on Monday, March 4th. Macquarie restated an outperform rating and issued a $370.00 price target on shares of CrowdStrike in a research report on Tuesday, March 19th. Wedbush increased their price objective on shares of CrowdStrike from $278.00 to $350.00 and gave the stock an outperform rating in a research report on Tuesday, March 5th. Finally, HSBC increased their price objective on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a buy rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, CrowdStrike has a consensus rating of Moderate Buy and an average target price of $371.87.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $10.37 during mid-day trading on Tuesday, hitting $329.55. 2,946,299 shares of the stock were exchanged, compared to its average volume of 3,414,660. The stock has a market capitalization of $79.71 billion, a price-to-earnings ratio of 904.75, a price-to-earnings-growth ratio of 12.83 and a beta of 1.08. The firm's 50-day simple moving average is $313.20 and its 200 day simple moving average is $279.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. CrowdStrike has a fifty-two week low of $130.41 and a fifty-two week high of $365.00.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The business had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. As a group, equities analysts anticipate that CrowdStrike will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 14,815 shares of the business's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the sale, the insider now owns 235,850 shares in the company, valued at approximately $76,851,722.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of the business's stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the sale, the chief accounting officer now owns 34,350 shares in the company, valued at approximately $11,387,712. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 14,815 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.85, for a total value of $4,827,467.75. Following the transaction, the insider now owns 235,850 shares of the company's stock, valued at approximately $76,851,722.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 295,576 shares of company stock worth $94,052,850. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. raised its stake in CrowdStrike by 17.8% during the third quarter. Assetmark Inc. now owns 4,408 shares of the company's stock worth $738,000 after purchasing an additional 665 shares during the period. First Trust Direct Indexing L.P. purchased a new position in CrowdStrike during the third quarter worth about $215,000. Congress Wealth Management LLC DE purchased a new position in CrowdStrike during the third quarter worth about $512,000. Yousif Capital Management LLC boosted its stake in CrowdStrike by 3.8% during the third quarter. Yousif Capital Management LLC now owns 2,466 shares of the company's stock worth $413,000 after buying an additional 90 shares during the period. Finally, Allworth Financial LP boosted its stake in CrowdStrike by 30.9% during the third quarter. Allworth Financial LP now owns 779 shares of the company's stock worth $130,000 after buying an additional 184 shares during the period. Hedge funds and other 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.