CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Receives $371.87 Average Price Target from Brokerages

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has been given an average rating of “Moderate Buy” by the thirty-eight ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $371.87.

Several equities research analysts have commented on CRWD shares. HSBC upped their price target on CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 price target on shares of CrowdStrike in a report on Wednesday, April 17th. Wedbush boosted their price objective on shares of CrowdStrike from $278.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Macquarie reissued an “outperform” rating and issued a $370.00 target price on shares of CrowdStrike in a research note on Tuesday, March 19th. Finally, Susquehanna upped their price target on shares of CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th.

Insider Activity

In related news, CAO Anurag Saha sold 1,786 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the completion of the transaction, the chief accounting officer now directly owns 34,350 shares in the company, valued at approximately $11,387,712. The sale was disclosed in a document filed with the SEC, which is available through this link. In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total transaction of $592,094.72. Following the completion of the transaction, the chief accounting officer now directly owns 34,350 shares of the company’s stock, valued at approximately $11,387,712. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the transaction, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of CRWD. Tokio Marine Asset Management Co. Ltd. raised its position in shares of CrowdStrike by 2.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock worth $934,000 after buying an additional 141 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in CrowdStrike during the fourth quarter worth approximately $1,228,000. Financial Counselors Inc. lifted its position in CrowdStrike by 3.9% in the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after purchasing an additional 50 shares during the period. Ferguson Wellman Capital Management Inc. boosted its stake in CrowdStrike by 17.1% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock valued at $40,647,000 after purchasing an additional 23,265 shares in the last quarter. Finally, Highland Capital Management LLC increased its position in shares of CrowdStrike by 0.6% during the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock valued at $8,286,000 after purchasing an additional 181 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

CRWD opened at $297.62 on Monday. CrowdStrike has a 1 year low of $115.67 and a 1 year high of $365.00. The company’s 50 day simple moving average is $315.88 and its 200 day simple moving average is $267.07. The stock has a market capitalization of $71.99 billion, a PE ratio of 826.75, a P/E/G ratio of 11.56 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. As a group, sell-side analysts expect that CrowdStrike will post 1.12 EPS for the current year.

About CrowdStrike

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.