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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has been assigned an average rating of “Moderate Buy” from the forty-three research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, thirty have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $369.00.

Several research analysts have recently commented on the company. Evercore ISI lifted their target price on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a report on Thursday, October 17th. KeyCorp raised their target price on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Wells Fargo & Company lifted their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, BMO Capital Markets increased their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock valued at $38,935,113 in the last three months. 4.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in CrowdStrike by 54.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 286,183 shares of the company’s stock valued at $109,670,000 after acquiring an additional 101,079 shares in the last quarter. Fidelis Capital Partners LLC grew its holdings in shares of CrowdStrike by 59.1% in the second quarter. Fidelis Capital Partners LLC now owns 905 shares of the company’s stock valued at $347,000 after purchasing an additional 336 shares in the last quarter. Public Sector Pension Investment Board acquired a new position in shares of CrowdStrike in the second quarter valued at approximately $3,447,000. Evergreen Capital Management LLC increased its stake in CrowdStrike by 8.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 950 shares of the company’s stock worth $364,000 after buying an additional 76 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd acquired a new stake in CrowdStrike during the 2nd quarter worth approximately $1,605,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $374.92 on Wednesday. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The stock has a market capitalization of $92.35 billion, a price-to-earnings ratio of 735.15, a PEG ratio of 20.07 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business has a 50-day moving average of $358.65 and a 200-day moving average of $311.81.

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.