CrowdStrike’s (CRWD) “Neutral” Rating Reiterated at Macquarie

CrowdStrike (NASDAQ:CRWD)‘s stock had its “neutral” rating reiterated by equities researchers at Macquarie in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $485.00 target price on the stock. Macquarie’s price objective indicates a potential upside of 2.12% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on CRWD. Stephens reaffirmed an “overweight” rating and issued a $590.00 target price on shares of CrowdStrike in a research note on Thursday, December 18th. Robert W. Baird lifted their price objective on shares of CrowdStrike from $490.00 to $550.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. Zacks Research lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 24th. BTIG Research reissued a “buy” rating and issued a $640.00 target price on shares of CrowdStrike in a research note on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of CrowdStrike in a report on Monday, December 29th. Thirty-one equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $555.21.

CrowdStrike Trading Up 1.4%

CrowdStrike stock traded up $6.62 during trading hours on Tuesday, hitting $474.95. The stock had a trading volume of 1,866,127 shares, compared to its average volume of 2,632,027. The stock has a market cap of $119.73 billion, a price-to-earnings ratio of -377.86, a P/E/G ratio of 109.85 and a beta of 1.03. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. The business’s 50 day simple moving average is $483.92 and its 200-day simple moving average is $477.83. CrowdStrike has a one year low of $298.00 and a one year high of $566.90.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 earnings per share. On average, equities analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Johanna Flower sold 3,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $461.94, for a total value of $1,385,820.00. Following the completion of the sale, the director owned 76,082 shares in the company, valued at approximately $35,145,319.08. This represents a 3.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Kurtz sold 17,550 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $481.38, for a total value of $8,448,219.00. Following the sale, the chief executive officer owned 2,090,532 shares of the company’s stock, valued at $1,006,340,294.16. This represents a 0.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 69,048 shares of company stock valued at $34,509,857 in the last quarter. Insiders own 3.32% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advyzon Investment Management LLC grew its holdings in shares of CrowdStrike by 142.9% in the second quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock valued at $461,000 after purchasing an additional 533 shares during the period. Carnegie Investment Counsel increased its holdings in shares of CrowdStrike by 6.7% during the 3rd quarter. Carnegie Investment Counsel now owns 22,601 shares of the company’s stock worth $11,083,000 after buying an additional 1,428 shares during the last quarter. Silver Oak Securities Incorporated raised its position in shares of CrowdStrike by 394.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 2,954 shares of the company’s stock valued at $1,449,000 after buying an additional 2,357 shares during the period. Perpetual Ltd lifted its holdings in CrowdStrike by 205.9% in the third quarter. Perpetual Ltd now owns 1,554 shares of the company’s stock valued at $762,000 after acquiring an additional 1,046 shares during the last quarter. Finally, Grant Private Wealth Management Inc purchased a new position in CrowdStrike in the third quarter worth approximately $1,690,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

About CrowdStrike

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.