William Blair analyst Jonathan Ho has maintained their bullish stance on CRWD stock, giving a Buy rating today.
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Jonathan Ho’s rating is based on CrowdStrike Holdings’ impressive financial performance and strategic advancements. The company reported a substantial increase in net new Annual Recurring Revenue (ARR), achieving a 73% growth year-over-year, which underscores strong demand for its Falcon platform. This growth was supported by the adoption of the Falcon Flex purchasing model, indicating a broadening customer base and enhanced market penetration.
Additionally, CrowdStrike’s endpoint security business has shown significant improvement, with better win rates following the resolution of past outages. The integration of AI, particularly Charlotte AI, has further strengthened the company’s platform by enhancing its efficacy in threat detection. Furthermore, the company’s cloud security and identity solutions have performed well, alongside strategic partnerships with firms like Kroll and F5, which are expected to drive future growth. These factors collectively justify the Buy rating given by Jonathan Ho.
In another report released today, Barclays also maintained a Buy rating on the stock with a $610.00 price target.
Based on the recent corporate insider activity of 128 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.