JMP Securities Reiterates “Market Outperform” Rating for CrowdStrike (NASDAQ:CRWD)

JMP Securities restated their market outperform rating on shares of CrowdStrike (NASDAQ:CRWDFree Report) in a report released on Tuesday, Benzinga reports. The brokerage currently has a $400.00 price target on the stock.

A number of other brokerages also recently issued reports on CRWD. Needham & Company LLC lifted their price objective on shares of CrowdStrike from $325.00 to $350.00 and gave the stock a buy rating in a research report on Monday, March 4th. Citigroup increased their price objective on CrowdStrike from $320.00 to $425.00 and gave the company a buy rating in a report on Thursday, March 7th. Barclays upped their target price on CrowdStrike from $340.00 to $400.00 and gave the company an overweight rating in a research report on Wednesday, March 6th. Piper Sandler upped their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the company an overweight rating in a report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $350.00 to $371.00 and gave the company an overweight rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $371.87.

Get Our Latest Analysis on CrowdStrike

CrowdStrike Trading Up 3.2 %

NASDAQ:CRWD opened at $329.55 on Tuesday. The firm has a 50-day simple moving average of $313.20 and a 200-day simple moving average of $279.14. CrowdStrike has a one year low of $130.41 and a one year high of $365.00. The firm has a market cap of $79.71 billion, a P/E ratio of 915.42, a P/E/G ratio of 12.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. Equities analysts anticipate that CrowdStrike will post 1.12 EPS for the current fiscal year.

Insider Activity

In other news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the sale, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,019 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the transaction, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 295,576 shares of company stock valued at $94,052,850. 5.68% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its holdings in shares of CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after purchasing an additional 2,757,251 shares during the last quarter. Norges Bank purchased a new position in shares of CrowdStrike during the fourth quarter worth approximately $683,336,000. Pathstone Holdings LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at $450,418,000. Jennison Associates LLC raised its position in CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after purchasing an additional 1,581,796 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in CrowdStrike by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after purchasing an additional 1,028,405 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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