CrowdStrike's (CRWD) "Buy" Rating Reiterated at Canaccord Genuity Group

CrowdStrike (NASDAQ:CRWD - Get Free Report)'s stock had its "buy" rating reissued by analysts at Canaccord Genuity Group in a report issued on Monday, Benzinga reports. They presently have a $330.00 price objective on the stock. Canaccord Genuity Group's target price points to a potential upside of 17.07% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. Scotiabank dropped their price target on CrowdStrike from $300.00 to $265.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 14th. Jefferies Financial Group raised their target price on shares of CrowdStrike from $315.00 to $345.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. The Goldman Sachs Group reduced their price target on shares of CrowdStrike from $400.00 to $295.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. Cantor Fitzgerald restated an "overweight" rating and set a $350.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Oppenheimer lowered their target price on CrowdStrike from $450.00 to $365.00 and set an "outperform" rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and a consensus target price of $326.50.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded down $3.97 during midday trading on Monday, hitting $281.89. The company had a trading volume of 1,069,464 shares, compared to its average volume of 5,315,597. The firm has a market capitalization of $68.60 billion, a price-to-earnings ratio of 530.42, a price-to-earnings-growth ratio of 19.60 and a beta of 1.09. CrowdStrike has a twelve month low of $160.86 and a twelve month high of $398.33. The business has a 50-day simple moving average of $259.63 and a two-hundred day simple moving average of $310.90. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company's quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 EPS. Equities research analysts anticipate that CrowdStrike will post 0.53 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the sale, the insider now directly owns 183,091 shares in the company, valued at approximately $67,985,350.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Burt W. Podbere sold 11,178 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.47, for a total transaction of $3,325,119.66. Following the sale, the chief financial officer now directly owns 286,472 shares of the company's stock, valued at approximately $85,216,825.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the transaction, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,962 shares of company stock valued at $28,774,798. Insiders own 4.34% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the second quarter worth about $25,000. Family Firm Inc. bought a new stake in shares of CrowdStrike in the 2nd quarter worth $30,000. Itau Unibanco Holding S.A. acquired a new stake in CrowdStrike in the 2nd quarter valued at about $33,000. Unique Wealth Strategies LLC bought a new stake in shares of CrowdStrike during the 2nd quarter worth $36,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike during the 1st quarter worth about $30,000. 71.16% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.