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

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have been assigned an average rating of “Moderate Buy” from the forty-two research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, thirty-three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $325.44.

A number of analysts have recently commented on the company. Sanford C. Bernstein cut their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. TD Cowen reduced their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. BMO Capital Markets raised their target price on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. BNP Paribas assumed coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target for the company. Finally, Hsbc Global Res raised shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th.

CrowdStrike Stock Up 1.7 %

Shares of NASDAQ CRWD opened at $320.21 on Monday. CrowdStrike has a 1 year low of $170.17 and a 1 year high of $398.33. The company has a market capitalization of $77.93 billion, a price-to-earnings ratio of 604.17, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The business has a 50-day moving average of $268.78 and a two-hundred day moving average of $308.63.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the prior year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, analysts forecast that CrowdStrike will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Shawn Henry sold 5,500 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.60, for a total value of $1,636,800.00. Following the completion of the transaction, the insider now directly owns 169,091 shares in the company, valued at approximately $50,321,481.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,962 shares of company stock worth $27,289,518. 4.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently modified their holdings of the stock. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the second quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the 2nd quarter worth $30,000. Itau Unibanco Holding S.A. purchased a new position in shares of CrowdStrike in the 2nd quarter worth $33,000. Unique Wealth Strategies LLC acquired a new position in CrowdStrike in the second quarter valued at $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in CrowdStrike during the first quarter valued at about $30,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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.