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

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have received a consensus recommendation of “Moderate Buy” from the forty-six analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, twenty-nine have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $403.83.

CRWD has been the subject of a number of analyst reports. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. BMO Capital Markets raised their price target on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. DA Davidson raised their price target on CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Barclays dropped their price objective on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. raised their price objective on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 28th.

CrowdStrike Stock Up 2.6%

NASDAQ CRWD opened at $455.59 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market capitalization of $112.93 billion, a P/E ratio of 893.33, a P/E/G ratio of 17.86 and a beta of 1.22. CrowdStrike has a one year low of $200.81 and a one year high of $459.93. The stock has a 50 day moving average price of $396.65 and a 200-day moving average price of $380.76.

Insider Activity at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now directly owns 768,092 shares of the company’s stock, valued at $248,984,702.72. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now directly owns 89,714 shares of the company’s stock, valued at $31,669,042. This represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,431 shares of company stock valued at $74,472,548 in the last three months. 3.32% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

Hedge funds have recently modified their holdings of the business. FSA Wealth Management LLC raised its holdings in CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after purchasing an additional 23 shares during the last quarter. Jacobi Capital Management LLC raised its holdings in CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after purchasing an additional 25 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings in CrowdStrike by 20.8% during the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company’s stock worth $51,000 after purchasing an additional 25 shares during the last quarter. Close Asset Management Ltd raised its holdings in CrowdStrike by 23.8% during the first quarter. Close Asset Management Ltd now owns 130 shares of the company’s stock worth $46,000 after purchasing an additional 25 shares during the last quarter. Finally, Ramirez Asset Management Inc. raised its holdings in CrowdStrike by 5.9% during the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company’s stock worth $159,000 after purchasing an additional 25 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.