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

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have received an average recommendation of “Moderate Buy” from the forty-three research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $355.80.

Several equities analysts have recently commented on CRWD shares. JMP Securities reiterated a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. The Goldman Sachs Group reduced their price objective on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. UBS Group reduced their price target on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. CICC Research initiated coverage on shares of CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price on the stock. Finally, Argus cut their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th.

CrowdStrike Price Performance

CRWD opened at $346.80 on Tuesday. The company has a 50 day moving average of $315.80 and a two-hundred day moving average of $312.87. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. 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 announced its earnings results on Tuesday, November 26th. The company reported $0.93 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $982.80 million. During the same period last year, the business posted $0.16 EPS. The company’s revenue was up 28.5% on a year-over-year basis. On average, analysts expect that CrowdStrike will post 0.5 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike 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 value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the president now directly owns 400,390 shares in the company, valued at $119,027,939.20. The trade was a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 138,248 shares of company stock worth $42,933,010. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

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