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

CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) has been assigned a consensus recommendation of “Buy” from the twenty-nine ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $262.18.

CRWD has been the topic of a number of recent research reports. Canaccord Genuity Group boosted their price objective on CrowdStrike from $225.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, March 10th. Deutsche Bank Aktiengesellschaft lifted their target price on CrowdStrike from $240.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, April 8th. UBS Group dropped their target price on CrowdStrike from $285.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on CrowdStrike from $255.00 to $288.00 in a report on Thursday, March 10th. Finally, Jefferies Financial Group began coverage on CrowdStrike in a report on Monday, April 18th. They issued a “buy” rating and a $275.00 price objective for the company.

Shares of CrowdStrike stock opened at $148.74 on Monday. CrowdStrike has a twelve month low of $130.00 and a twelve month high of $298.48. The stock has a market capitalization of $34.32 billion, a P/E ratio of -144.41 and a beta of 1.44. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.71. The business’s fifty day moving average price is $199.44 and its 200 day moving average price is $200.14.

CrowdStrike (NASDAQ:CRWDGet Rating) last issued its earnings results on Wednesday, March 9th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.06. The firm had revenue of $431.01 million for the quarter, compared to analysts’ expectations of $412.38 million. CrowdStrike had a negative return on equity of 15.87% and a negative net margin of 16.17%. The firm’s revenue for the quarter was up 62.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.08) earnings per share. As a group, sell-side analysts predict that CrowdStrike will post -0.89 EPS for the current year.

In other news, CFO Burt W. Podbere sold 13,282 shares of the company’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $200.42, for a total value of $2,661,978.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 20,000 shares of the company’s stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $203.04, for a total transaction of $4,060,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 170,458 shares of company stock worth $35,634,355. Company insiders own 6.82% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Wealth Quarterback LLC boosted its holdings in CrowdStrike by 78.6% during the third quarter. Wealth Quarterback LLC now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 55 shares during the period. Psagot Value Holdings Ltd. Israel acquired a new position in CrowdStrike in the fourth quarter worth about $27,000. Massmutual Trust Co. FSB ADV raised its position in CrowdStrike by 159.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 135 shares of the company’s stock worth $28,000 after purchasing an additional 83 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of CrowdStrike by 440.0% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 135 shares of the company’s stock worth $28,000 after buying an additional 110 shares in the last quarter. Finally, MUFG Americas Holdings Corp acquired a new stake in shares of CrowdStrike during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 63.02% of the company’s stock.

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.

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Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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