CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Receives $375.61 Consensus Target Price from Analysts

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have been given a consensus rating of “Buy” by the thirty-nine analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, thirty-seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $380.62.

A number of equities analysts have issued reports on CRWD shares. Citigroup increased their price target on CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price target on shares of CrowdStrike in a research note on Wednesday, June 5th. Rosenblatt Securities increased their price target on CrowdStrike from $415.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Barclays increased their price target on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus increased their price target on CrowdStrike from $315.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $385.44 on Tuesday. CrowdStrike has a 12-month low of $139.37 and a 12-month high of $390.71. The firm has a market capitalization of $93.23 billion, a price-to-earnings ratio of 727.25, a price-to-earnings-growth ratio of 19.13 and a beta of 1.08. The business has a 50 day simple moving average of $325.25 and a 200 day simple moving average of $303.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CrowdStrike news, CFO Burt W. Podbere sold 26,097 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.61, for a total transaction of $8,497,444.17. Following the transaction, the chief financial officer now directly owns 347,792 shares of the company’s stock, valued at $113,244,553.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,019 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 317,000 shares of company stock worth $101,229,160. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently made changes to their positions in CRWD. Morgan Stanley grew its position in shares of CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after purchasing an additional 2,757,251 shares during the last quarter. Norges Bank acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $683,336,000. Pathstone Holdings LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $450,418,000. Jennison Associates LLC grew its position in shares of CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after purchasing an additional 1,581,796 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after purchasing an additional 1,028,405 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.