DZ Bank Upgrades CrowdStrike (NASDAQ:CRWD) to Buy

CrowdStrike (NASDAQ:CRWDGet Free Report) was upgraded by investment analysts at DZ Bank from a “sell” rating to a “buy” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a $490.00 price objective on the stock. DZ Bank’s price target suggests a potential upside of 12.30% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of CrowdStrike in a research report on Wednesday, March 4th. Piper Sandler upgraded CrowdStrike from a “neutral” rating to an “overweight” rating and set a $520.00 price objective for the company in a report on Monday, March 2nd. Stifel Nicolaus lowered their target price on CrowdStrike from $600.00 to $480.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. The Goldman Sachs Group cut their target price on CrowdStrike from $564.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $520.00 price target on shares of CrowdStrike in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $506.26.

Read Our Latest Research Report on CrowdStrike

CrowdStrike Stock Up 0.5%

Shares of NASDAQ:CRWD opened at $436.33 on Wednesday. The company has a market capitalization of $110.00 billion, a price-to-earnings ratio of -589.63, a P/E/G ratio of 22.76 and a beta of 1.06. 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 business’s 50-day moving average is $429.94 and its 200-day moving average is $469.54. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90.

CrowdStrike (NASDAQ:CRWDGet Free Report) last issued its 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. CrowdStrike had a negative return on equity of 0.14% and a negative net margin of 3.81%.The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. Equities research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO George Kurtz sold 28,853 shares of CrowdStrike stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total transaction of $11,916,577.53. Following the transaction, the chief executive officer owned 2,054,902 shares of the company’s stock, valued at $848,695,075.02. The trade was a 1.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 11,461 shares of the company’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 $5,498,758.58. Following the sale, the president owned 342,655 shares of the company’s stock, valued at $164,399,015.90. This trade represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 90,068 shares of company stock valued at $40,447,425. 3.32% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

Several institutional investors have recently made changes to their positions in CRWD. Asset Planning Inc purchased a new position in CrowdStrike during the third quarter worth about $25,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in CrowdStrike in the 3rd quarter valued at about $25,000. Anchor Investment Management LLC bought a new position in shares of CrowdStrike during the 3rd quarter worth approximately $25,000. Hanson & Doremus Investment Management boosted its stake in shares of CrowdStrike by 170.0% in the 4th quarter. Hanson & Doremus Investment Management now owns 54 shares of the company’s stock worth $25,000 after buying an additional 34 shares during the last quarter. Finally, Basepoint Wealth LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth approximately $25,000. Institutional investors own 71.16% of the company’s stock.

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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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