Westpark Capital Reaffirms “Hold” Rating for CrowdStrike (NASDAQ:CRWD)

CrowdStrike (NASDAQ:CRWD)‘s stock had its “hold” rating reiterated by investment analysts at Westpark Capital in a report released on Wednesday,Benzinga reports.

CRWD has been the subject of several other reports. The Goldman Sachs Group raised their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Oppenheimer raised their price target on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Barclays increased their price objective on CrowdStrike from $372.00 to $506.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Morgan Stanley lifted their target price on CrowdStrike from $390.00 to $429.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.10.

CrowdStrike Price Performance

NASDAQ CRWD opened at $347.73 on Wednesday. The company has a market cap of $85.65 billion, a PE ratio of 681.84, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. 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’s 50-day simple moving average is $387.50 and its two-hundred day simple moving average is $338.08. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares in the company, valued at approximately $42,629,875.72. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock worth $38,387,254 in the last ninety days. 4.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Siemens Fonds Invest GmbH raised its holdings in shares of CrowdStrike by 37.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock valued at $2,384,000 after acquiring an additional 1,893 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in CrowdStrike in the fourth quarter worth about $151,000. Total Wealth Planning & Management Inc. purchased a new stake in CrowdStrike in the fourth quarter worth about $315,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in CrowdStrike during the 4th quarter valued at approximately $59,596,000. Finally, Brooklyn FI LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $3,927,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.