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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has received a consensus recommendation of “Moderate Buy” from the thirty-eight research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $371.87.

Several research firms have commented on CRWD. JPMorgan Chase & Co. upped their price objective on CrowdStrike from $350.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Oppenheimer upped their price target on CrowdStrike from $300.00 to $355.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 target price on shares of CrowdStrike in a report on Wednesday, April 17th. The Goldman Sachs Group increased their price target on CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, JMP Securities increased their target price on CrowdStrike from $330.00 to $400.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 6th.

CrowdStrike Trading Up 2.0 %

CRWD opened at $304.07 on Monday. CrowdStrike has a 12 month low of $115.67 and a 12 month high of $365.00. The stock has a market capitalization of $73.55 billion, a price-to-earnings ratio of 844.66, a PEG ratio of 11.90 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The business has a fifty day moving average price of $314.71 and a 200 day moving average price of $268.13.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The business had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. Sell-side analysts expect that CrowdStrike will post 1.12 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the sale, the chief executive officer now directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock valued at $72,113,932 over the last three months. 5.68% of the stock is owned by insiders.

Institutional Trading of CrowdStrike

Large investors have recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. raised its stake in CrowdStrike by 2.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock valued at $934,000 after purchasing an additional 141 shares during the period. CHURCHILL MANAGEMENT Corp bought a new stake in CrowdStrike in the fourth quarter worth $1,228,000. Financial Counselors Inc. boosted its holdings in CrowdStrike by 3.9% during the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after acquiring an additional 50 shares during the period. Ferguson Wellman Capital Management Inc. boosted its holdings in CrowdStrike by 17.1% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock valued at $40,647,000 after acquiring an additional 23,265 shares during the period. Finally, Highland Capital Management LLC raised its position in shares of CrowdStrike by 0.6% during the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock valued at $8,286,000 after buying an additional 181 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.