CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Given Average Rating of “Buy” by Brokerages

CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) has been assigned an average rating of “Buy” from the twenty-nine brokerages that are presently covering the company, MarketBeat.com reports. Twenty-two research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have covered the stock in the last year is $251.38.

Several research analysts recently issued reports on CRWD shares. Piper Sandler cut their price objective on CrowdStrike from $250.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, June 3rd. BTIG Research cut their price objective on CrowdStrike from $257.00 to $234.00 and set a “buy” rating for the company in a research report on Friday, June 3rd. Robert W. Baird lifted their price objective on CrowdStrike from $225.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, April 8th. JMP Securities restated a “buy” rating and set a $275.00 price objective on shares of CrowdStrike in a research report on Friday, June 3rd. Finally, UBS Group cut their price target on CrowdStrike from $285.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, May 19th.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 8,713 shares of the company’s stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $165.03, for a total value of $1,437,906.39. Following the sale, the insider now owns 185,584 shares in the company, valued at approximately $30,626,927.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Shawn Henry sold 8,713 shares of the stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $165.03, for a total transaction of $1,437,906.39. Following the sale, the insider now owns 185,584 shares in the company, valued at $30,626,927.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Burt W. Podbere sold 11,438 shares of the stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $165.22, for a total transaction of $1,889,786.36. Following the sale, the chief financial officer now owns 313,028 shares in the company, valued at approximately $51,718,486.16. The disclosure for this sale can be found here. Insiders sold a total of 91,679 shares of company stock valued at $15,154,848 in the last ninety days. Insiders own 6.82% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently bought and sold shares of CRWD. 1832 Asset Management L.P. bought a new position in CrowdStrike in the 1st quarter worth about $384,930,000. Norges Bank bought a new position in CrowdStrike in the 4th quarter worth about $348,527,000. Tiger Global Management LLC grew its position in CrowdStrike by 16.9% in the 1st quarter. Tiger Global Management LLC now owns 8,808,818 shares of the company’s stock worth $2,000,306,000 after purchasing an additional 1,271,818 shares during the last quarter. Clearbridge Investments LLC grew its position in CrowdStrike by 69.3% in the 1st quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company’s stock worth $524,750,000 after purchasing an additional 945,703 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in CrowdStrike by 100.8% in the 4th quarter. SG Americas Securities LLC now owns 5,154 shares of the company’s stock worth $1,055,000 after purchasing an additional 653,351 shares during the last quarter. Institutional investors and hedge funds own 63.02% of the company’s stock.

CrowdStrike Price Performance

CRWD stock opened at $191.17 on Friday. The firm has a 50 day moving average of $175.99 and a 200-day moving average of $183.55. CrowdStrike has a 12-month low of $130.00 and a 12-month high of $298.48. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.66. The company has a market cap of $44.37 billion, a price-to-earnings ratio of -241.99 and a beta of 1.28.

CrowdStrike (NASDAQ:CRWDGet Rating) last posted its quarterly earnings results on Thursday, June 2nd. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. CrowdStrike had a negative net margin of 11.08% and a negative return on equity of 14.50%. The company had revenue of $487.83 million during the quarter, compared to the consensus estimate of $464.35 million. During the same period last year, the firm earned ($0.14) EPS. The company’s revenue for the quarter was up 61.1% on a year-over-year basis. As a group, equities analysts expect that CrowdStrike will post -0.63 EPS for the current fiscal year.

About CrowdStrike

(Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

Further Reading

Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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