CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Receives $327.16 Consensus Target Price from Brokerages

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has received an average rating of “Moderate Buy” from the forty-one ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $325.32.

A number of equities analysts have issued reports on the stock. Truist Financial reaffirmed a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a report on Wednesday, August 28th. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. BMO Capital Markets lifted their target price on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. Finally, Raymond James dropped their price target on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th.

CrowdStrike Trading Down 2.2 %

CRWD opened at $293.14 on Thursday. CrowdStrike has a fifty-two week low of $157.59 and a fifty-two week high of $398.33. The firm has a market capitalization of $71.34 billion, a PE ratio of 553.09, a P/E/G ratio of 16.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The company’s 50-day moving average is $264.22 and its 200 day moving average is $312.02.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 earnings per share. As a group, research analysts predict that CrowdStrike will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the transaction, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,500 shares of company stock valued at $13,301,815. 4.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its holdings in shares of CrowdStrike by 110.0% during the fourth quarter. Quadrant Capital Group LLC now owns 378 shares of the company’s stock valued at $97,000 after purchasing an additional 198 shares during the last quarter. TrinityPoint Wealth LLC bought a new stake in CrowdStrike in the fourth quarter worth $277,000. Dynamic Technology Lab Private Ltd bought a new stake in CrowdStrike in the fourth quarter worth $583,000. PNC Financial Services Group Inc. grew its stake in shares of CrowdStrike by 16.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 40,603 shares of the company’s stock worth $10,367,000 after acquiring an additional 5,884 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new position in shares of CrowdStrike during the fourth quarter valued at $508,000. 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.