CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the forty-four ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $379.73.

CRWD has been the topic of several recent analyst reports. Evercore ISI increased their price target on CrowdStrike from $325.00 to $400.00 and gave the stock an "outperform" rating in a report on Monday, November 25th. Morgan Stanley increased their target price on CrowdStrike from $390.00 to $429.00 and gave the stock an "overweight" rating in a research note on Wednesday. The Goldman Sachs Group boosted their target price on shares of CrowdStrike from $372.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, December 24th. Mizuho raised their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group lifted their price objective on shares of CrowdStrike from $415.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, December 19th.

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Insiders Place Their Bets

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the transaction, the director now directly owns 42,391 shares of the company's stock, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the completion of the sale, the director now owns 780,592 shares in the company, valued at approximately $334,194,852.96. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 132,565 shares of company stock worth $49,235,849. 4.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Creative Planning lifted its holdings 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 acquiring an additional 14,609 shares during the last quarter. Bfsg LLC grew its holdings in shares of CrowdStrike by 138.7% during the 3rd quarter. Bfsg LLC now owns 327 shares of the company's stock worth $92,000 after purchasing an additional 190 shares during the period. Global Retirement Partners LLC increased its position in shares of CrowdStrike by 16.9% during the 3rd quarter. Global Retirement Partners LLC now owns 7,493 shares of the company's stock worth $2,102,000 after purchasing an additional 1,083 shares during the last quarter. Optimum Investment Advisors purchased a new stake in CrowdStrike in the 3rd quarter valued at about $56,000. Finally, Bleakley Financial Group LLC lifted 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 buying an additional 1,545 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Trading Down 1.1 %

CrowdStrike stock traded down $5.20 during midday trading on Friday, reaching $450.16. The stock had a trading volume of 2,030,801 shares, compared to its average volume of 3,082,501. 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 firm has a market cap of $110.88 billion, a price-to-earnings ratio of 882.68, a price-to-earnings-growth ratio of 18.50 and a beta of 1.16. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $455.59. The company has a fifty day moving average of $380.83 and a 200 day moving average of $326.77.

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.