CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have been assigned an average rating of “Moderate Buy” from the forty-four brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, thirty have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $398.78.

CRWD has been the topic of a number of recent analyst reports. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Evercore ISI increased their target price on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. The Goldman Sachs Group reissued a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Piper Sandler set a $347.00 price objective on CrowdStrike in a research report on Wednesday, March 5th. Finally, Bank of America upped their target price on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, February 26th.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $346.76 on Thursday. The stock’s fifty day simple moving average is $386.10 and its 200 day simple moving average is $340.26. The stock has a market capitalization of $85.41 billion, a price-to-earnings ratio of 679.93, a PEG ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $455.59.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the completion of the sale, the director now directly owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their position. The sale 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 that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the transaction, the insider now owns 115,798 shares in the company, valued at $42,629,875.72. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,387,254 in the last three months. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors have recently bought and sold shares of the stock. Centaurus Financial Inc. lifted its holdings in CrowdStrike by 62.0% during the fourth quarter. Centaurus Financial Inc. now owns 3,153 shares of the company’s stock worth $1,079,000 after acquiring an additional 1,207 shares during the period. Wealthedge Investment Advisors LLC purchased a new stake in shares of CrowdStrike in the fourth quarter worth $858,000. Siemens Fonds Invest GmbH raised its stake in CrowdStrike by 37.3% in the fourth quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock valued at $2,384,000 after purchasing an additional 1,893 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth $151,000. Finally, Total Wealth Planning & Management Inc. bought a new stake in CrowdStrike during the fourth quarter worth about $315,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Company Profile

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.