CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have earned an average recommendation of “Moderate Buy” from the forty-three research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $355.80.

A number of analysts have recently issued reports on CRWD shares. Piper Sandler lifted their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. TD Cowen cut their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Royal Bank of Canada cut their price objective on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Finally, Bank of America boosted their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $346.80 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.90. The firm has a 50-day moving average of $315.80 and a 200-day moving average of $312.87. CrowdStrike has a one year low of $200.81 and a one year high of $398.33. The company has a market cap of $85.01 billion, a P/E ratio of 680.01, a P/E/G ratio of 25.05 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $982.80 million. During the same quarter in the prior year, the firm posted $0.16 EPS. The firm’s quarterly revenue was up 28.5% on a year-over-year basis. Equities research analysts forecast that CrowdStrike will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, President Michael Sentonas sold 10,776 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the transaction, the president now owns 400,390 shares of the company’s stock, valued at approximately $119,027,939.20. The trade was a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,248 shares of company stock worth $42,933,010 over the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Transcend Capital Advisors LLC acquired a new position in CrowdStrike during the second quarter worth $229,000. GAMMA Investing LLC raised its holdings in CrowdStrike by 134.4% in the 2nd quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock valued at $253,000 after acquiring an additional 379 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of CrowdStrike by 367.2% during the second quarter. Mather Group LLC. now owns 1,112 shares of the company’s stock worth $426,000 after purchasing an additional 874 shares during the last quarter. Trust Co. of Vermont lifted its position in CrowdStrike by 27.3% during the second quarter. Trust Co. of Vermont now owns 723 shares of the company’s stock worth $277,000 after buying an additional 155 shares during the period. Finally, Fulton Bank N.A. grew its holdings in CrowdStrike by 12.9% in the 2nd quarter. Fulton Bank N.A. now owns 1,459 shares of the company’s stock valued at $559,000 after buying an additional 167 shares during the period. 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.