CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Receives $327.16 Consensus Target Price from Analysts

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has earned an average rating of “Moderate Buy” from the forty-one brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $327.03.

A number of brokerages have issued reports on CRWD. Mizuho reduced their price objective on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Barclays lifted their price target on CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Finally, Susquehanna restated a “positive” rating and issued a $310.00 price objective on shares of CrowdStrike in a report on Thursday.

Insider Activity at CrowdStrike

In other news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the sale, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the sale, the director now directly owns 18,297 shares in the company, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. Insiders sold a total of 45,577 shares of company stock worth $16,330,609 in the last three months. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds have recently bought and sold shares of the business. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of CrowdStrike during the 1st quarter worth $30,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the 2nd quarter worth about $30,000. Johnson Financial Group Inc. purchased a new stake in CrowdStrike in the 4th quarter valued at about $31,000. Finally, Northwest Bank & Trust Co purchased a new stake in CrowdStrike in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $299.85 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike has a one year low of $157.59 and a one year high of $398.33. The business’s 50 day simple moving average is $265.90 and its two-hundred day simple moving average is $312.40. The stock has a market capitalization of $72.97 billion, a P/E ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 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 business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the prior year, the company posted $0.06 EPS. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. Analysts forecast that CrowdStrike will post 0.56 EPS for the current year.

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.