CrowdStrike (NASDAQ:CRWD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of CrowdStrike (NASDAQ:CRWDGet Free Report) have received a consensus recommendation of “Moderate Buy” from the forty-nine research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $506.2553.

CRWD has been the topic of several research analyst reports. Truist Financial cut their target price on CrowdStrike from $600.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Wedbush restated an “outperform” rating and set a $550.00 price target on shares of CrowdStrike in a research note on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft cut their price objective on CrowdStrike from $475.00 to $440.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Piper Sandler raised CrowdStrike from a “neutral” rating to an “overweight” rating and set a $520.00 price objective on the stock in a research note on Monday, March 2nd. Finally, Macquarie Infrastructure reissued a “neutral” rating and set a $485.00 target price on shares of CrowdStrike in a research report on Tuesday, January 27th.

Get Our Latest Stock Analysis on CrowdStrike

Insider Buying and Selling

In related news, Director Johanna Flower sold 3,000 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the completion of the sale, the director directly owned 76,082 shares of the company’s stock, valued at approximately $35,145,319.08. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 28,853 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total transaction of $11,916,577.53. Following the completion of the transaction, the chief executive officer owned 2,054,902 shares in the company, valued at $848,695,075.02. This represents a 1.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 48,967 shares of company stock worth $20,660,502. Company insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently made changes to their positions in CRWD. Carnegie Investment Counsel grew its position in shares of CrowdStrike by 6.7% during the 3rd quarter. Carnegie Investment Counsel now owns 22,601 shares of the company’s stock valued at $11,083,000 after buying an additional 1,428 shares during the last quarter. Silver Oak Securities Incorporated lifted its holdings in CrowdStrike by 394.8% in the third quarter. Silver Oak Securities Incorporated now owns 2,954 shares of the company’s stock worth $1,449,000 after acquiring an additional 2,357 shares during the last quarter. Traynor Capital Management Inc. lifted its holdings in CrowdStrike by 10.9% in the third quarter. Traynor Capital Management Inc. now owns 53,117 shares of the company’s stock worth $26,047,000 after acquiring an additional 5,205 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in CrowdStrike by 7.3% in the third quarter. GPS Wealth Strategies Group LLC now owns 22,253 shares of the company’s stock valued at $10,912,000 after acquiring an additional 1,512 shares during the period. Finally, Perpetual Ltd boosted its stake in CrowdStrike by 205.9% in the third quarter. Perpetual Ltd now owns 1,554 shares of the company’s stock valued at $762,000 after acquiring an additional 1,046 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $409.00 on Monday. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $566.90. The stock has a market cap of $103.73 billion, a price-to-earnings ratio of -552.70, a PEG ratio of 17.94 and a beta of 1.07. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $424.66 and its 200 day moving average price is $470.10.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. CrowdStrike had a negative net margin of 3.81% and a negative return on equity of 0.14%. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 EPS. As a group, research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Trending Headlines about CrowdStrike

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CrowdStrike Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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