CrowdStrike’s (CRWD) “Buy” Rating Reaffirmed at Cowen

Cowen reissued their buy rating on shares of CrowdStrike (NASDAQ:CRWDGet Rating) in a report published on Wednesday morning. Cowen currently has a $220.00 price objective on the stock.

A number of other analysts have also issued reports on CRWD. Deutsche Bank Aktiengesellschaft raised their price target on CrowdStrike from $225.00 to $230.00 and gave the stock a buy rating in a research note on Wednesday, August 31st. Cantor Fitzgerald initiated coverage on CrowdStrike in a research note on Wednesday, September 7th. They issued an overweight rating and a $240.00 price target on the stock. JMP Securities reissued a buy rating and issued a $275.00 price target on shares of CrowdStrike in a research note on Friday, June 3rd. Jefferies Financial Group reissued a buy rating and issued a $215.00 price target on shares of CrowdStrike in a research note on Tuesday, August 30th. Finally, MKM Partners assumed coverage on CrowdStrike in a research note on Thursday, September 15th. They issued a buy rating and a $240.00 price target on the stock. One analyst has rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $240.43.

CrowdStrike Trading Down 2.7 %

Shares of CRWD stock opened at $169.25 on Wednesday. CrowdStrike has a fifty-two week low of $130.00 and a fifty-two week high of $298.48. The stock has a market cap of $39.50 billion, a P/E ratio of -225.67 and a beta of 1.27. The business has a fifty day simple moving average of $185.41 and a 200-day simple moving average of $185.78. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.60.

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

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 12,103 shares of CrowdStrike stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $200.52, for a total transaction of $2,426,893.56. Following the sale, the insider now directly owns 180,252 shares in the company, valued at approximately $36,144,131.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Godfrey Sullivan sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $175.01, for a total value of $1,750,100.00. Following the transaction, the director now directly owns 170,000 shares in the company, valued at approximately $29,751,700. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 12,103 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $200.52, for a total transaction of $2,426,893.56. Following the completion of the transaction, the insider now owns 180,252 shares in the company, valued at $36,144,131.04. The disclosure for this sale can be found here. 6.82% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Federated Hermes Inc. lifted its position in shares of CrowdStrike by 11.5% in the 2nd quarter. Federated Hermes Inc. now owns 282,084 shares of the company’s stock worth $47,548,000 after buying an additional 29,074 shares during the last quarter. Private Trust Co. NA bought a new position in shares of CrowdStrike in the 2nd quarter worth about $95,000. Brown Advisory Inc. lifted its position in shares of CrowdStrike by 32.8% in the 2nd quarter. Brown Advisory Inc. now owns 14,519 shares of the company’s stock worth $2,447,000 after buying an additional 3,589 shares during the last quarter. B. Riley Wealth Management Inc. lifted its position in shares of CrowdStrike by 44.6% in the 2nd quarter. B. Riley Wealth Management Inc. now owns 5,962 shares of the company’s stock worth $1,005,000 after buying an additional 1,838 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in CrowdStrike by 10.5% in the 2nd quarter. Royal London Asset Management Ltd. now owns 78,969 shares of the company’s stock valued at $13,311,000 after purchasing an additional 7,523 shares during the last quarter. 67.43% of the stock is currently owned by institutional investors.

About CrowdStrike

(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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