CrowdStrike (NASDAQ:CRWD) Upgraded at DZ Bank

CrowdStrike (NASDAQ:CRWDGet Free Report) was upgraded by equities research analysts at DZ Bank from a “sell” rating to a “buy” rating in a report released on Wednesday, Marketbeat reports. The firm presently has a $490.00 price objective on the stock. DZ Bank’s target price points to a potential upside of 12.30% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $550.00 target price on shares of CrowdStrike in a research note on Wednesday, March 4th. Canaccord Genuity Group lowered their price target on shares of CrowdStrike from $515.00 to $400.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Barclays dropped their price objective on CrowdStrike from $610.00 to $550.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Wedbush reissued an “outperform” rating and set a $550.00 price objective on shares of CrowdStrike in a report on Wednesday, March 4th. Finally, Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $506.26.

Read Our Latest Stock Report on CRWD

CrowdStrike Trading Up 0.5%

Shares of CrowdStrike stock opened at $436.33 on Wednesday. The firm has a market cap of $110.00 billion, a PE ratio of -589.63, a P/E/G ratio of 22.76 and a beta of 1.06. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a fifty day moving average price of $429.94 and a 200-day moving average price of $469.54.

CrowdStrike (NASDAQ:CRWDGet Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. CrowdStrike had a negative net margin of 3.81% and a negative return on equity of 0.14%. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. Equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, Director Johanna Flower sold 3,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the sale, the director owned 76,082 shares in the company, valued at $35,145,319.08. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,530 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $479.78, for a total value of $734,063.40. Following the completion of the transaction, the chief accounting officer directly owned 44,562 shares of the company’s stock, valued at $21,379,956.36. The trade was a 3.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 90,068 shares of company stock worth $40,447,425 in the last 90 days. 3.32% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in CRWD. Asset Planning Inc bought a new position in CrowdStrike in the 3rd quarter worth about $25,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of CrowdStrike during the third quarter valued at about $25,000. Anchor Investment Management LLC purchased a new stake in shares of CrowdStrike in the third quarter worth about $25,000. Hanson & Doremus Investment Management lifted its holdings in shares of CrowdStrike by 170.0% in the fourth quarter. Hanson & Doremus Investment Management now owns 54 shares of the company’s stock worth $25,000 after buying an additional 34 shares in the last quarter. Finally, Basepoint Wealth LLC purchased a new position in CrowdStrike during the fourth quarter valued at approximately $25,000. 71.16% of the stock is currently owned by institutional investors.

Key Headlines Impacting CrowdStrike

Here are the key news stories impacting CrowdStrike this week:

About CrowdStrike

(Get Free Report)

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.

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Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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