CrowdStrike (NASDAQ:CRWD) Coverage Initiated by Analysts at Roth Capital

Equities research analysts at Roth Capital began coverage on shares of CrowdStrike (NASDAQ:CRWD - Get Free Report) in a report released on Wednesday. The firm set a "buy" rating and a $410.00 price target on the stock. Roth Capital's target price would indicate a potential upside of 11.28% from the company's previous close.

Several other research analysts have also recently issued reports on CRWD. Scotiabank reiterated a "sector perform" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Stephens initiated coverage on CrowdStrike in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $450.00 price objective on the stock. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Rosenblatt Securities restated a "buy" rating and set a $450.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $440.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus price target of $400.76.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $368.45 on Wednesday. The firm's 50-day simple moving average is $372.64 and its 200 day simple moving average is $359.37. The stock has a market cap of $91.33 billion, a P/E ratio of 722.47, a P/E/G ratio of 17.86 and a beta of 1.28. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

Insiders Place Their Bets

In related news, Director Johanna Flower sold 2,974 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $362.48, for a total value of $1,078,015.52. Following the completion of the sale, the director now directly owns 82,875 shares in the company, valued at approximately $30,040,530. This represents a 3.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares in the company, valued at $248,984,702.72. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 122,375 shares of company stock valued at $46,197,236 over the last ninety days. Corporate insiders own 4.34% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Petros Family Wealth LLC grew its stake in CrowdStrike by 3.5% in the 1st quarter. Petros Family Wealth LLC now owns 2,345 shares of the company's stock valued at $827,000 after buying an additional 79 shares during the last quarter. YHB Investment Advisors Inc. bought a new stake in CrowdStrike during the first quarter valued at about $220,000. Embree Financial Group acquired a new stake in shares of CrowdStrike in the first quarter valued at about $250,000. Spirepoint Private Client LLC increased its stake in shares of CrowdStrike by 23.4% in the first quarter. Spirepoint Private Client LLC now owns 1,067 shares of the company's stock worth $376,000 after purchasing an additional 202 shares during the period. Finally, Symphony Financial Ltd. Co. lifted its position in shares of CrowdStrike by 96.1% during the 1st quarter. Symphony Financial Ltd. Co. now owns 2,037 shares of the company's stock worth $733,000 after purchasing an additional 998 shares during the last quarter. Institutional investors and hedge funds 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.

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