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

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have received a consensus recommendation of “Moderate Buy” from the forty-one research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, thirty-one have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $328.74.

Several research firms have recently weighed in on CRWD. The Goldman Sachs Group decreased their price target on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Guggenheim cut CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. dropped their price target on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Finally, Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and lowered their target price for the company from $380.00 to $275.00 in a research note on Thursday, July 18th.

CrowdStrike Stock Down 0.1 %

CRWD stock opened at $310.15 on Monday. The stock has a 50-day simple moving average of $276.25 and a two-hundred day simple moving average of $308.20. CrowdStrike has a twelve month low of $170.17 and a twelve month high of $398.33. The firm has a market capitalization of $75.48 billion, a PE ratio of 585.19, a PEG ratio of 19.94 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities analysts predict that CrowdStrike will post 0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently bought and sold shares of the business. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the second quarter valued at approximately $25,000. Tsfg LLC raised its stake in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 89 shares during the last quarter. Trivant Custom Portfolio Group LLC bought a new stake in CrowdStrike in the first quarter worth $30,000. Family Firm Inc. purchased a new stake in shares of CrowdStrike in the second quarter worth $30,000. Finally, Northwest Bank & Trust Co bought a new position in shares of CrowdStrike during the fourth quarter valued at $32,000. Institutional investors 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.