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

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have received a consensus recommendation of “Moderate Buy” from the forty-four brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have given a buy rating and three have given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $383.08.

Several research analysts have recently issued reports on CRWD shares. Susquehanna raised their price objective on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. Rosenblatt Securities raised their price objective on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Mizuho raised their price objective on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Evercore ISI raised their price objective on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Finally, Wells Fargo & Company raised their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th.

CrowdStrike Trading Down 6.8 %

Shares of NASDAQ:CRWD opened at $406.61 on Friday. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $455.59. The stock has a market cap of $100.15 billion, a price-to-earnings ratio of 797.30, a PEG ratio of 17.86 and a beta of 1.16. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $384.76 and a 200-day moving average price of $330.35.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred on 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 approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRWD. Creative Planning raised its position in CrowdStrike by 9.2% in the third quarter. Creative Planning now owns 173,349 shares of the company’s stock valued at $48,619,000 after purchasing an additional 14,609 shares during the period. Bfsg LLC raised its position in CrowdStrike by 138.7% in the third quarter. Bfsg LLC now owns 327 shares of the company’s stock valued at $92,000 after purchasing an additional 190 shares during the period. Global Retirement Partners LLC raised its position in CrowdStrike by 16.9% in the third quarter. Global Retirement Partners LLC now owns 7,493 shares of the company’s stock valued at $2,102,000 after purchasing an additional 1,083 shares during the period. Optimum Investment Advisors purchased a new stake in CrowdStrike in the third quarter valued at $56,000. Finally, Bleakley Financial Group LLC raised its position in CrowdStrike by 21.3% in the third quarter. Bleakley Financial Group LLC now owns 8,803 shares of the company’s stock valued at $2,469,000 after purchasing an additional 1,545 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.