Cowen Reaffirms Buy Rating for CrowdStrike (NASDAQ:CRWD)

Cowen reissued their buy rating on shares of CrowdStrike (NASDAQ:CRWDGet Rating) in a report issued on Wednesday morning, Stock Target Advisor reports. They currently have a $220.00 target price on the stock.

CRWD has been the subject of several other reports. Cowen reiterated a buy rating and issued a $220.00 target price on shares of CrowdStrike in a research report on Wednesday. Needham & Company LLC boosted their price target on shares of CrowdStrike from $210.00 to $225.00 and gave the stock a buy rating in a research note on Wednesday, August 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on CrowdStrike from $225.00 to $230.00 and gave the stock a buy rating in a research report on Wednesday, August 31st. TheStreet upgraded CrowdStrike from a d rating to a c- rating in a research report on Wednesday, August 17th. Finally, Royal Bank of Canada lifted their price target on CrowdStrike from $232.00 to $236.00 and gave the company an outperform rating in a research report on Wednesday, August 31st. One analyst has rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $240.43.

CrowdStrike Stock Down 2.7 %

CRWD opened at $169.25 on Wednesday. The company has a fifty day moving average price of $185.41 and a 200-day moving average price of $185.78. The firm has a market capitalization of $39.50 billion, a P/E ratio of -225.67 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.80 and a quick ratio of 1.80. CrowdStrike has a one year low of $130.00 and a one year high of $298.48.

CrowdStrike (NASDAQ:CRWDGet Rating) last announced its earnings results on Tuesday, August 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. CrowdStrike had a negative net margin of 9.45% and a negative return on equity of 12.96%. The company had revenue of $535.15 million during the quarter, compared to analyst estimates of $516.44 million. During the same period in the previous year, the business earned ($0.21) earnings per share. The firm’s quarterly revenue was up 58.5% compared to the same quarter last year. Equities research analysts expect that CrowdStrike will post -0.75 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, Director Godfrey Sullivan sold 10,000 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $175.01, for a total transaction of $1,750,100.00. Following the completion of the sale, the director now owns 170,000 shares in the company, valued at $29,751,700. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Godfrey Sullivan sold 10,000 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $175.01, for a total transaction of $1,750,100.00. Following the completion of the sale, the director now owns 170,000 shares in the company, valued at $29,751,700. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 12,103 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $200.52, for a total value of $2,426,893.56. Following the sale, the insider now owns 180,252 shares of the company’s stock, valued at approximately $36,144,131.04. The disclosure for this sale can be found here. Company insiders own 6.82% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New Hampshire purchased a new stake in CrowdStrike in the first quarter worth about $30,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in CrowdStrike by 440.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 135 shares of the company’s stock worth $28,000 after buying an additional 110 shares in the last quarter. Core Alternative Capital increased its position in CrowdStrike by 2,233.3% in the first quarter. Core Alternative Capital now owns 140 shares of the company’s stock worth $32,000 after buying an additional 134 shares in the last quarter. Proffitt & Goodson Inc. purchased a new stake in CrowdStrike in the first quarter worth about $34,000. Finally, Riverview Trust Co purchased a new stake in CrowdStrike in the first quarter worth about $40,000. Hedge funds and other institutional investors own 67.43% of the company’s stock.

CrowdStrike Company Profile

(Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

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