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

CrowdStrike (NASDAQ:CRWD) has earned an average rating of “Moderate Buy” from the fifty research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and thirty-one have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $555.2083.

A number of research firms have recently commented on CRWD. Royal Bank Of Canada reissued an “outperform” rating and set a $621.00 price target on shares of CrowdStrike in a report on Wednesday, December 3rd. The Goldman Sachs Group upped their price objective on shares of CrowdStrike from $535.00 to $564.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Barclays increased their price target on CrowdStrike from $515.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. UBS Group increased their target price on shares of CrowdStrike from $580.00 to $590.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, KeyCorp reissued a “sector weight” rating on shares of CrowdStrike in a research note on Monday, January 12th.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 11,461 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the completion of the transaction, the president owned 342,655 shares of the company’s stock, valued at $164,399,015.90. This represents a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 17,550 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $481.38, for a total value of $8,448,219.00. Following the transaction, the chief executive officer directly owned 2,090,532 shares in the company, valued at $1,006,340,294.16. This trade represents a 0.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 69,048 shares of company stock valued at $34,509,857. Corporate insiders own 3.32% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds have recently bought and sold shares of the stock. Disciplined Equity Management Inc. boosted its stake in CrowdStrike by 0.8% during the third quarter. Disciplined Equity Management Inc. now owns 2,405 shares of the company’s stock worth $1,179,000 after buying an additional 20 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of CrowdStrike by 6.4% during the 3rd quarter. TD Private Client Wealth LLC now owns 334 shares of the company’s stock worth $164,000 after acquiring an additional 20 shares during the period. Financially Speaking Inc boosted its position in shares of CrowdStrike by 26.7% during the 3rd quarter. Financially Speaking Inc now owns 95 shares of the company’s stock valued at $47,000 after acquiring an additional 20 shares during the last quarter. Catalyst Financial Partners LLC boosted its position in shares of CrowdStrike by 1.6% during the 3rd quarter. Catalyst Financial Partners LLC now owns 1,246 shares of the company’s stock valued at $611,000 after acquiring an additional 20 shares during the last quarter. Finally, Fire Capital Management LLC grew its holdings in shares of CrowdStrike by 1.7% in the third quarter. Fire Capital Management LLC now owns 1,239 shares of the company’s stock valued at $608,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $441.40 on Friday. The firm has a market capitalization of $111.28 billion, a P/E ratio of -350.32, a price-to-earnings-growth ratio of 108.84 and a beta of 1.03. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average price is $480.04 and its two-hundred day moving average price is $477.32. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The business’s revenue was up 21.8% compared to the same quarter last year. As a group, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

About CrowdStrike

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.