CrowdStrike (NASDAQ:CRWD) Earns Hold Rating from Westpark Capital

Westpark Capital reaffirmed their hold rating on shares of CrowdStrike (NASDAQ:CRWD - Free Report) in a research note issued to investors on Thursday morning,Benzinga reports.

Several other brokerages have also recently issued reports on CRWD. Truist Financial reaffirmed a "buy" rating and issued a $500.00 target price (up from $450.00) on shares of CrowdStrike in a report on Wednesday. Jefferies Financial Group boosted their price objective on CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday. Robert W. Baird reduced their price objective on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price objective on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, Barclays set a $500.00 price objective on CrowdStrike in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $449.38.

CrowdStrike Price Performance

Shares of CRWD stock traded up $2.38 during trading hours on Thursday, hitting $462.94. The stock had a trading volume of 6,174,926 shares, compared to its average volume of 5,115,577. CrowdStrike has a one year low of $200.81 and a one year high of $491.20. 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 stock's 50-day moving average price is $410.85 and its two-hundred day moving average price is $386.40. The stock has a market capitalization of $114.75 billion, a price-to-earnings ratio of 907.74, a PEG ratio of 17.86 and a beta of 1.22.

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 the consensus estimate of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The business's revenue was up 19.8% compared to the same quarter last year. Equities analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insiders Place Their Bets

In other news, President Michael Sentonas sold 13,543 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now owns 405,308 shares in the company, valued at approximately $145,351,554.96. This represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total value of $4,890,000.00. Following the sale, the director now owns 29,500 shares of the company's stock, valued at approximately $14,425,500. This represents a 25.32% 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. Company insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike during the 1st quarter valued at $25,000. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC increased its position in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after acquiring an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its position in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 58 shares during the period. Finally, FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after acquiring an additional 73 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.