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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has received an average rating of “Moderate Buy” from the forty-three brokerages that are currently covering the company, MarketBeat reports. One equities 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 assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $365.63.

Several brokerages have recently weighed in on CRWD. JPMorgan Chase & Co. lifted their price objective on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. BMO Capital Markets increased their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Rosenblatt Securities lifted their target price on shares of CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Citigroup raised their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company upped their price objective on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th.

CrowdStrike Stock Up 3.4 %

NASDAQ CRWD opened at $359.02 on Friday. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $398.33. The stock has a market cap of $88.43 billion, a PE ratio of 703.97, a PEG ratio of 19.48 and a beta of 1.11. The firm has a 50-day simple moving average of $345.55 and a 200 day simple moving average of $315.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the completion of the transaction, the insider now owns 124,298 shares of the company’s stock, valued at $38,455,315.24. The trade was a 3.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,601 shares of company stock worth $40,755,368. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of large investors have recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike in the second quarter valued at approximately $25,000. Oakworth Capital Inc. bought a new position in CrowdStrike during the 3rd quarter worth about $28,000. Tsfg LLC raised its stake in shares of CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the period. Castleview Partners LLC bought a new stake in shares of CrowdStrike in the third quarter valued at about $32,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of CrowdStrike during the second quarter worth about $33,000. 71.16% of the stock is owned by institutional investors.

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.