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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has received a consensus rating of “Moderate Buy” from the thirty-nine analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $382.35.

Several analysts recently weighed in on CRWD shares. Mizuho reduced their price objective on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. FBN Securities raised CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. Piper Sandler lowered CrowdStrike from an “overweight” rating to a “neutral” rating and set a $400.00 price objective on the stock. in a research note on Tuesday, July 2nd. Scotiabank reduced their price objective on CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $420.00 target price on shares of CrowdStrike in a research report on Wednesday, June 5th.

CrowdStrike Stock Performance

CRWD opened at $371.32 on Friday. The firm has a market cap of $90.36 billion, a P/E ratio of 700.62, a price-to-earnings-growth ratio of 18.87 and a beta of 1.10. CrowdStrike has a 52-week low of $140.52 and a 52-week high of $398.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The business’s fifty day moving average is $358.34 and its 200-day moving average is $322.36.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Sell-side analysts expect that CrowdStrike will post 0.9 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the transaction, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO George Kurtz sold 56,279 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the sale, the chief executive officer now owns 1,146,048 shares in the company, valued at $348,868,471.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the transaction, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Insiders have sold 219,675 shares of company stock valued at $76,681,402 over the last ninety days. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently modified their holdings of CRWD. CVA Family Office LLC bought a new position in shares of CrowdStrike in the 4th quarter worth $26,000. Hexagon Capital Partners LLC purchased a new stake in CrowdStrike during the 4th quarter valued at about $26,000. Silver Oak Securities Incorporated acquired a new position in shares of CrowdStrike in the 3rd quarter valued at about $27,000. Bear Mountain Capital Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $27,000. Finally, Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike in the 1st quarter worth about $30,000. 71.16% of the stock is owned by institutional investors.

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.