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 forty-one analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, thirty-three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $326.50.

A number of research analysts have weighed in on CRWD shares. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. Susquehanna reissued a “positive” rating and issued a $310.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the sale, the director now directly owns 824,234 shares in the company, valued at $313,382,009.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 111,962 shares of company stock valued at $34,477,948. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike in the second quarter worth about $25,000. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike during the 1st quarter valued at approximately $30,000. Family Firm Inc. purchased a new position in CrowdStrike during the second quarter valued at $30,000. Johnson Financial Group Inc. bought a new stake in CrowdStrike in the fourth quarter worth $31,000. Finally, Northwest Bank & Trust Co purchased a new stake in shares of CrowdStrike in the fourth quarter worth $32,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $286.47 on Thursday. The firm has a market capitalization of $70.22 billion, a PE ratio of 540.52, a P/E/G ratio of 19.60 and a beta of 1.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $262.61 and a two-hundred day moving average price of $311.78. CrowdStrike has a twelve month low of $157.59 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. Equities analysts forecast that CrowdStrike will post 0.53 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.