CrowdStrike’s (CRWD) “Buy” Rating Reiterated at Truist Financial

Truist Financial restated their buy rating on shares of CrowdStrike (NASDAQ:CRWDGet Rating) in a report issued on Thursday morning, MarketBeat Ratings reports. Truist Financial currently has a $275.00 target price on the stock.

Other equities analysts have also issued research reports about the company. JMP Securities reissued a buy rating and set a $275.00 price target on shares of CrowdStrike in a report on Friday, June 3rd. DA Davidson lowered their price objective on CrowdStrike from $280.00 to $235.00 and set a buy rating on the stock in a report on Friday, June 3rd. MKM Partners started coverage on CrowdStrike in a report on Thursday, September 15th. They issued a buy rating and a $240.00 price objective on the stock. Barclays lifted their price objective on CrowdStrike from $215.00 to $225.00 and gave the company an overweight rating in a report on Wednesday, August 31st. Finally, Guggenheim started coverage on CrowdStrike in a report on Friday, August 12th. They issued a buy rating and a $270.00 price objective on the stock. One analyst has rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $241.71.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $161.28 on Thursday. 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 has a 52-week low of $130.00 and a 52-week high of $298.48. The business’s 50-day moving average price is $185.18 and its 200 day moving average price is $185.74. The firm has a market cap of $37.64 billion, a P/E ratio of -215.04 and a beta of 1.27.

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

Insider Buying and Selling at CrowdStrike

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

Institutional Trading of CrowdStrike

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 12,547,900 shares of the company’s stock valued at $2,849,377,000 after buying an additional 244,613 shares during the period. Jennison Associates LLC grew its stake in shares of CrowdStrike by 4.6% during the 1st quarter. Jennison Associates LLC now owns 9,041,273 shares of the company’s stock valued at $2,053,092,000 after buying an additional 395,795 shares during the period. Tiger Global Management LLC boosted its position in CrowdStrike by 16.9% during the 1st quarter. Tiger Global Management LLC now owns 8,808,818 shares of the company’s stock worth $2,000,306,000 after purchasing an additional 1,271,818 shares during the period. Price T Rowe Associates Inc. MD boosted its position in CrowdStrike by 17.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,642,466 shares of the company’s stock worth $782,534,000 after purchasing an additional 693,499 shares during the period. Finally, State Street Corp boosted its position in CrowdStrike by 2.7% during the 4th quarter. State Street Corp now owns 4,240,652 shares of the company’s stock worth $868,273,000 after purchasing an additional 111,900 shares during the period. 67.43% of the stock is owned by hedge funds and other 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.

Further Reading

Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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