CrowdStrike Holdings (CRWD): New Buy Recommendation for This Technology Giant

Barclays analyst Saket Kalia maintained a Buy rating on CrowdStrike Holdings (CRWDResearch Report) on January 25. The company’s shares opened today at $102.98.

Kalia covers the Technology sector, focusing on stocks such as PTC, CrowdStrike Holdings, and Fortinet. According to TipRanks, Kalia has an average return of 12.2% and a 55.63% success rate on recommended stocks.

In addition to Barclays, CrowdStrike Holdings also received a Buy from J.P. Morgan’s Brian Essex in a report issued on January 24. However, on January 27, Stifel Nicolaus maintained a Hold rating on CrowdStrike Holdings (NASDAQ: CRWD).

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Based on CrowdStrike Holdings’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $580.88 million and a GAAP net loss of $54.96 million. In comparison, last year the company earned a revenue of $380.05 million and had a GAAP net loss of $50.46 million

Based on the recent corporate insider activity of 69 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. Last month, Gerhard Watzinger, a Director at CRWD sold 50,000.00 shares for a total of $5,053,879.86.

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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