CrowdStrike (NASDAQ:CRWD) Receives In-Line Rating from Evercore ISI

Evercore ISI reaffirmed their in-line rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note published on Wednesday morning, Marketbeat reports. Evercore ISI currently has a $440.00 target price on the stock, down from their prior target price of $450.00.

Other equities analysts have also issued reports about the company. BTIG Research restated a “buy” rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Roth Capital started coverage on CrowdStrike in a research report on Wednesday, April 23rd. They set a “buy” rating and a $410.00 target price for the company. JPMorgan Chase & Co. boosted their target price on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $449.38.

CrowdStrike Price Performance

Shares of CRWD stock opened at $460.56 on Wednesday. The stock has a 50-day moving average price of $410.85 and a 200 day moving average price of $386.40. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market cap of $114.16 billion, a price-to-earnings ratio of 903.08, a PEG ratio of 17.86 and a beta of 1.22. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $491.20.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company’s revenue was up 19.8% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. Research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. The trade was a 3.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. The trade was a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 211,681 shares of company stock worth $87,081,236 in the last 90 days. Corporate insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after acquiring an additional 40 shares during the last quarter. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 58 shares during the last quarter. Finally, FPC Investment Advisory Inc. increased its holdings in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

About CrowdStrike

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.