CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Given Consensus Recommendation of “Moderate Buy” by Analysts

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has received a consensus rating of “Moderate Buy” from the forty-one ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $328.74.

A number of equities analysts recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. UBS Group lowered their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. cut their target price on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Finally, HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and raised their price objective for the company from $302.00 to $339.00 in a research report on Friday, August 30th.

CrowdStrike Trading Down 1.0 %

CrowdStrike stock opened at $344.36 on Friday. 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 firm has a 50-day moving average of $294.23 and a 200-day moving average of $309.66. The company has a market cap of $84.41 billion, a price-to-earnings ratio of 499.07, a P/E/G ratio of 23.22 and a beta of 1.10. CrowdStrike has a one year low of $198.86 and a one year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. On average, equities analysts expect that CrowdStrike will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now owns 816,730 shares of the company’s stock, valued at $261,745,630.40. This represents a 0.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the sale, the insider now directly owns 124,298 shares in the company, valued at approximately $38,455,315.24. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,248 shares of company stock valued at $31,103,350. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds have recently made changes to their positions in the company. Norden Group LLC acquired a new stake in CrowdStrike during the 1st quarter worth approximately $310,000. Quent Capital LLC lifted its holdings in shares of CrowdStrike by 59.9% during the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after purchasing an additional 88 shares during the period. Empowered Funds LLC grew its stake in shares of CrowdStrike by 706.0% in the first quarter. Empowered Funds LLC now owns 18,530 shares of the company’s stock worth $5,941,000 after purchasing an additional 16,231 shares during the last quarter. Insight Advisors LLC PA acquired a new stake in CrowdStrike in the first quarter valued at $292,000. Finally, Wealthspire Advisors LLC raised its position in CrowdStrike by 16.3% during the 1st quarter. Wealthspire Advisors LLC now owns 1,158 shares of the company’s stock worth $371,000 after purchasing an additional 162 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.