CrowdStrike (NASDAQ:CRWD) Given “Hold” Rating at Westpark Capital

Westpark Capital reaffirmed their hold rating on shares of CrowdStrike (NASDAQ:CRWD) in a report published on Wednesday,Benzinga reports.

Several other analysts have also recently issued reports on the company. Oppenheimer increased their price objective on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. increased their price objective on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Canaccord Genuity Group increased their price objective on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird reduced their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada increased their price objective on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $400.10.

CrowdStrike Stock Down 6.3 %

Shares of NASDAQ CRWD opened at $365.44 on Wednesday. The stock has a market cap of $90.01 billion, a P/E ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $455.59. The business’s fifty day simple moving average is $387.84 and its 200-day simple moving average is $338.02.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, December 16th. The shares were 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 owns 115,798 shares in the company, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated 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 owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,315 shares of company stock worth $38,387,254. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC acquired a new stake in CrowdStrike in the fourth quarter valued at about $27,000. Fortitude Family Office LLC lifted its position in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. lifted its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds 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.