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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has received an average recommendation of “Moderate Buy” from the forty-four brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $400.88.

A number of analysts recently issued reports on the company. Morgan Stanley set a $429.00 price objective on CrowdStrike in a research report on Tuesday, March 18th. Evercore ISI lifted their price target on shares of CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. DA Davidson upped their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Bank of America increased their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Finally, Stephens began coverage on CrowdStrike in a research report on Tuesday, April 1st. They issued an “overweight” rating and a $450.00 target price on the stock.

CrowdStrike Price Performance

CRWD stock opened at $321.63 on Monday. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $455.59. 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 stock has a market cap of $79.72 billion, a price-to-earnings ratio of 630.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The business has a fifty day moving average of $386.18 and a two-hundred day moving average of $352.56.

Insiders Place Their Bets

In related news, CFO Burt W. Podbere sold 13,529 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.10, for a total transaction of $4,844,734.90. Following the completion of the sale, the chief financial officer now owns 244,739 shares in the company, valued at $87,641,035.90. This represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,551 shares of company stock valued at $43,527,642. 4.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently made changes to their positions in CRWD. Kovitz Investment Group Partners LLC grew its position in CrowdStrike by 216.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 3,905 shares of the company’s stock valued at $1,095,000 after buying an additional 2,671 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in shares of CrowdStrike by 4.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 23,722 shares of the company’s stock worth $6,653,000 after acquiring an additional 1,062 shares during the period. Kensington Investment Counsel LLC boosted its holdings in shares of CrowdStrike by 2.4% in the third quarter. Kensington Investment Counsel LLC now owns 6,893 shares of the company’s stock valued at $1,933,000 after acquiring an additional 162 shares in the last quarter. Northeast Financial Consultants Inc boosted its holdings in shares of CrowdStrike by 7.3% in the third quarter. Northeast Financial Consultants Inc now owns 1,465 shares of the company’s stock valued at $411,000 after acquiring an additional 100 shares in the last quarter. Finally, Headinvest LLC acquired a new position in shares of CrowdStrike during the third quarter worth about $229,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.