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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has been assigned a consensus rating of “Moderate Buy” from the forty-one analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, thirty-one have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $328.74.

CRWD has been the subject of several analyst reports. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. Canaccord Genuity Group reiterated a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. UBS Group lowered their target price on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, August 29th. TD Cowen cut their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, DA Davidson restated a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th.

CrowdStrike Stock Up 0.3 %

Shares of CRWD opened at $343.50 on Friday. The business’s 50 day simple moving average is $290.92 and its 200-day simple moving average is $309.11. CrowdStrike has a 1 year low of $197.17 and a 1 year high of $398.33. 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 stock has a market capitalization of $84.20 billion, a price-to-earnings ratio of 497.83, a price-to-earnings-growth ratio of 22.31 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s revenue was up 31.7% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. As a group, equities analysts expect that CrowdStrike will post 0.52 earnings per share for the current fiscal year.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of CrowdStrike 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 owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction on 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 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. Insiders have sold 108,248 shares of company stock valued at $32,143,350 over the last ninety days. 4.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike during the second quarter worth $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the third quarter worth about $28,000. Tsfg LLC boosted its stake in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares in the last quarter. Family Firm Inc. purchased a new position in shares of CrowdStrike in the 2nd quarter valued at about $30,000. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike in the 3rd quarter valued at about $32,000. Hedge funds and other 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.