Saturday, 20 July 2024

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Robert W. Baird Sticks to Its Buy Rating for CrowdStrike Holdings (CRWD) – TipRanks Financial Blog

Akamai narrows FY22 EPS view to $5.23-$5.30 from $5.19-$5.37, consensus $5.26

Robert W. Baird analyst Shrenik Kothari maintained a Buy rating on CrowdStrike Holdings (CRWDResearch Report) today. The company’s shares opened today at $166.95.

Kothari covers the Technology sector, focusing on stocks such as Fortinet, Cloudflare, and Check Point. According to TipRanks, Kothari has an average return of 20.6% and an 87.14% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CrowdStrike Holdings with a $183.07 average price target, implying a 9.66% upside from current levels. In a report released today, Citi also maintained a Buy rating on the stock with a $200.00 price target.

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Based on CrowdStrike Holdings’ latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $731.63 million and a net profit of $8.47 million. In comparison, last year the company earned a revenue of $535.15 million and had a GAAP net loss of $49.29 million

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRWD in relation to earlier this year. Most recently, in July 2023, Kurtz George, the President & CEO of CRWD sold 178,000.00 shares for a total of $26,883,536.76.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 2011, CrowdStrike Holdings, Inc. provides cloud-delivered solution for next-generation endpoint protection. It offers cloud modules on its Falcon platform through an SaaS subscription-based model. The company offers its services in the United States, Australia, Germany, India, Romania, and the United Kingdom.

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