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

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the forty-one research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, thirty-three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $327.16.

Several equities analysts recently commented on CRWD shares. Barclays increased their target price on shares of CrowdStrike from $285.00 to $295.00 and gave the company an "overweight" rating in a report on Thursday, August 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $350.00 target price on shares of CrowdStrike in a report on Friday, September 6th. KeyCorp reduced their target price on shares of CrowdStrike from $440.00 to $420.00 and set an "overweight" rating on the stock in a report on Wednesday, July 17th. The Goldman Sachs Group reduced their target price on shares of CrowdStrike from $400.00 to $295.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $325.00 target price on shares of CrowdStrike in a report on Monday, September 9th.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,587 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $376.45, for a total value of $20,925,726.15. Following the completion of the transaction, the chief executive officer now directly owns 1,127,843 shares of the company's stock, valued at $424,576,497.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares of the company's stock, valued at $45,521,111.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 55,587 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the transaction, the chief executive officer now directly owns 1,127,843 shares of the company's stock, valued at $424,576,497.35. The disclosure for this sale can be found here. Insiders sold a total of 130,219 shares of company stock valued at $48,306,394 in the last three months. Company insiders own 4.34% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike in the second quarter worth approximately $25,000. Family Firm Inc. bought a new stake in shares of CrowdStrike in the second quarter worth approximately $30,000. Itau Unibanco Holding S.A. bought a new stake in shares of CrowdStrike in the second quarter worth approximately $33,000. Unique Wealth Strategies LLC bought a new stake in shares of CrowdStrike in the second quarter worth approximately $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike in the first quarter worth approximately $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $13.72 on Thursday, hitting $280.84. 4,327,463 shares of the company traded hands, compared to its average volume of 5,295,875. The firm's 50-day simple moving average is $269.19 and its 200 day simple moving average is $312.63. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market cap of $68.35 billion, a P/E ratio of 529.89, a P/E/G ratio of 16.14 and a beta of 1.09. CrowdStrike has a 12-month low of $157.59 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analysts' expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business's quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. Analysts expect that CrowdStrike will post 0.56 earnings per share for the current fiscal year.

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.