CrowdStrike’s (CRWD) Buy Rating Reaffirmed at JMP Securities

JMP Securities reiterated their buy rating on shares of CrowdStrike (NASDAQ:CRWDGet Rating) in a research note released on Monday, TipRanks reports. The brokerage currently has a $275.00 target price on the stock.

Several other equities research analysts also recently weighed in on the company. DA Davidson decreased their price objective on CrowdStrike from $265.00 to $250.00 in a report on Thursday, March 10th. Deutsche Bank Aktiengesellschaft increased their price objective on CrowdStrike from $240.00 to $270.00 and gave the company a buy rating in a report on Friday, April 8th. Daiwa Capital Markets assumed coverage on CrowdStrike in a report on Monday, December 20th. They issued an outperform rating and a $224.00 price objective for the company. Barclays increased their price objective on CrowdStrike from $250.00 to $255.00 and gave the company an overweight rating in a report on Thursday, March 10th. Finally, Morgan Stanley raised CrowdStrike from an underweight rating to an equal weight rating in a report on Thursday, March 10th. One research analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of Buy and a consensus price target of $266.55.

Shares of CRWD opened at $239.86 on Monday. The stock has a 50 day moving average price of $196.92 and a 200 day moving average price of $216.12. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $55.35 billion, a price-to-earnings ratio of -232.87 and a beta of 1.40. CrowdStrike has a 52-week low of $150.02 and a 52-week high of $298.48.

CrowdStrike (NASDAQ:CRWDGet Rating) last announced its quarterly earnings results on Wednesday, March 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.06. The firm had revenue of $431.01 million during the quarter, compared to the consensus estimate of $412.38 million. CrowdStrike had a negative return on equity of 15.87% and a negative net margin of 16.17%. The firm’s quarterly revenue was up 62.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) earnings per share. On average, equities analysts anticipate that CrowdStrike will post -0.89 EPS for the current fiscal year.

In other news, insider Shawn Henry sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $203.04, for a total value of $4,060,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Burt W. Podbere sold 13,282 shares of the firm’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $200.42, for a total value of $2,661,978.44. The disclosure for this sale can be found here. Insiders sold 139,619 shares of company stock valued at $28,531,747 in the last quarter. 8.64% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CRWD. Morgan Stanley boosted its stake in shares of CrowdStrike by 223.3% during the second quarter. Morgan Stanley now owns 4,563,798 shares of the company’s stock valued at $1,146,928,000 after acquiring an additional 3,152,219 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of CrowdStrike by 150.8% during the second quarter. Thrivent Financial for Lutherans now owns 4,354 shares of the company’s stock valued at $1,094,000 after acquiring an additional 2,618 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of CrowdStrike during the third quarter valued at $246,000. Crossmark Global Holdings Inc. boosted its stake in shares of CrowdStrike by 11.3% during the third quarter. Crossmark Global Holdings Inc. now owns 1,080 shares of the company’s stock valued at $265,000 after acquiring an additional 110 shares during the last quarter. Finally, Jag Capital Management LLC acquired a new stake in shares of CrowdStrike during the third quarter valued at $998,000. 63.85% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Company Profile (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.

Featured Articles

Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

Receive News & Ratings for CrowdStrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrowdStrike and related companies with MarketBeat.com's FREE daily email newsletter.