HSBC has initiated coverage of Crowdstrike Holdings Inc. (NASDAQ:CRWD) with a Buy recommendation on Friday, according to a recent report. The one-year price target for the cybersecurity firm is set at an average of $184.89, marking an 8.30% increase from its latest closing price of $170.73.
Crowdstrike, known for its cloud-delivered endpoint and cloud workload protection that leverages artificial intelligence to protect customers from cyber threats, is anticipated to see its annual revenue ascend by 14.21% to $3,018 million. The company’s projected annual non-GAAP EPS stands at 2.03.
Despite some fluctuations in investment sentiment around the company, institutional ownership has seen a slight uptick over the past three months. While there was a decrease of 51 owners or 3.02% in the last quarter, total shares held by institutions have increased by 1.27% to 173,115K shares. However, the average portfolio weight dedicated to CRWD among these funds has dropped by 11.79%. The put/call ratio for CRWD currently stands at 1.15, suggesting a bearish outlook.
In terms of specific shareholders, Vanguard Total Stock Market Index Fund Investor Shares holds 6,649K shares or 2.78% ownership of the company, representing a decrease of 1.57% from its previous filing and a portfolio allocation reduction of 2.80%. On the other hand, Voya Investment Management increased its stake by 10.21% to hold 5,311K shares or 2.22% ownership and boosted its portfolio allocation in CRWD by 12.66%.
T. Rowe Price Investment Management holds a stake of 5,069K shares or 2.12% ownership after increasing its holdings by 26.24% from its previous filing, accompanied by a portfolio allocation hike of 37.82%. Jennison Associates reduced its stake slightly by 0.96% to hold 4,823K shares or 2.02% ownership and decreased its portfolio allocation by 5.71%. Jpmorgan Chase has raised its stake by 7.91% to hold 4,010K shares or 1.68% ownership, and significantly increased its portfolio allocation by a substantial 725.40%.
This comprehensive snapshot of Crowdstrike’s current financial outlook and institutional sentiment is crucial for investors considering their involvement with the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.