Moffett Nathanson Begins Coverage on CrowdStrike (NASDAQ:CRWD)

Moffett Nathanson started coverage on shares of CrowdStrike (NASDAQ:CRWDGet Rating) in a research note issued to investors on Thursday morning, The Fly reports. The brokerage issued a buy rating and a $280.00 target price on the stock.

Several other equities research analysts have also issued reports on the stock. Oppenheimer decreased their price target on shares of CrowdStrike from $300.00 to $250.00 and set an outperform rating on the stock in a report on Friday, June 3rd. Cowen reaffirmed a buy rating and set a $220.00 price target on shares of CrowdStrike in a report on Wednesday. Canaccord Genuity Group lifted their price target on shares of CrowdStrike from $212.00 to $230.00 and gave the company a buy rating in a report on Wednesday, August 31st. Jefferies Financial Group reaffirmed a buy rating and set a $215.00 price target on shares of CrowdStrike in a report on Tuesday, August 30th. Finally, Piper Sandler lifted their price target on shares of CrowdStrike from $230.00 to $240.00 and gave the company an overweight rating in a report on Wednesday, August 31st. One research analyst has rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $241.71.

CrowdStrike Price Performance

CRWD stock 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 12 month low of $130.00 and a 12 month high of $298.48. The firm has a market cap of $37.64 billion, a P/E ratio of -215.04 and a beta of 1.27. The company’s 50-day moving average price is $185.18 and its two-hundred day moving average price is $185.74.

CrowdStrike (NASDAQ:CRWDGet Rating) last released its earnings results on Tuesday, August 30th. The company reported $0.36 EPS for the quarter, beating 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 firm had revenue of $535.15 million for the quarter, compared to analyst estimates of $516.44 million. During the same period last year, the firm earned ($0.21) EPS. The business’s quarterly revenue was up 58.5% compared to the same quarter last year. On average, analysts anticipate that CrowdStrike will post -0.75 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In related news, 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 transaction, the insider now owns 180,252 shares in the company, valued at approximately $36,144,131.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CrowdStrike 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 owns 170,000 shares in the company, valued at approximately $29,751,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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. 6.82% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the business. Psagot Value Holdings Ltd. Israel bought a new stake in CrowdStrike during the 4th quarter valued at $27,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of CrowdStrike by 440.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 135 shares of the company’s stock worth $28,000 after acquiring an additional 110 shares in the last quarter. Bank of New Hampshire bought a new stake in shares of CrowdStrike in the 1st quarter worth $30,000. Core Alternative Capital grew its stake in shares of CrowdStrike by 2,233.3% in the 1st quarter. Core Alternative Capital now owns 140 shares of the company’s stock worth $32,000 after acquiring an additional 134 shares in the last quarter. Finally, Proffitt & Goodson Inc. bought a new stake in shares of CrowdStrike in the 1st quarter worth $34,000. Institutional investors own 67.43% of the company’s stock.

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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