CrowdStrike (NASDAQ:CRWD) Now Covered by Analysts at Macquarie

Equities research analysts at Macquarie started coverage on shares of CrowdStrike (NASDAQ:CRWD) in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $465.00 price target on the stock. Macquarie’s target price suggests a potential downside of 2.30% from the company’s previous close.

Several other brokerages also recently commented on CRWD. Mizuho upped their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. Canaccord Genuity Group restated a “hold” rating and set a $475.00 price target (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Wells Fargo & Company increased their price objective on CrowdStrike from $430.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. Oppenheimer lifted their price objective on CrowdStrike from $410.00 to $520.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Finally, Truist Financial restated a “buy” rating and set a $500.00 target price (up previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $460.93.

CrowdStrike Trading Up 1.3%

Shares of CRWD stock opened at $475.96 on Thursday. The stock has a market capitalization of $118.63 billion, a price-to-earnings ratio of -689.80 and a beta of 1.16. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $517.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The company’s fifty day simple moving average is $474.54 and its two-hundred day simple moving average is $414.78.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.93 earnings per share. CrowdStrike’s quarterly revenue was up 19.8% on a year-over-year basis. As a group, analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, Director Roxanne S. Austin sold 15,000 shares of the business’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director owned 18,858 shares in the company, valued at $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Denis Oleary sold 15,680 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the transaction, the director owned 36,906 shares of the company’s stock, valued at approximately $17,306,330.58. This represents a 29.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 255,294 shares of company stock worth $118,670,500. Corporate insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CRWD. Blue Trust Inc. lifted its stake in CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company’s stock worth $447,000 after purchasing an additional 215 shares during the last quarter. Primoris Wealth Advisors LLC bought a new position in shares of CrowdStrike in the 4th quarter worth about $2,166,000. OLD National Bancorp IN bought a new position in shares of CrowdStrike in the 1st quarter worth about $248,000. Bessemer Group Inc. boosted its holdings in shares of CrowdStrike by 4.6% in the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company’s stock valued at $783,000 after buying an additional 98 shares during the period. Finally, Financial Engines Advisors L.L.C. bought a new stake in shares of CrowdStrike during the 4th quarter valued at about $284,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.