Analysts Set CrowdStrike Holdings, Inc. (NASDAQ:CRWD) PT at $327.16

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have received a consensus recommendation of “Moderate Buy” from the forty-one brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, thirty-three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $325.32.

CRWD has been the subject of several analyst reports. Redburn Atlantic cut shares of CrowdStrike from a “neutral” rating to a “sell” rating and decreased their target price for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. Wells Fargo & Company decreased their target price on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. BTIG Research lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. TD Cowen reduced their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, DA Davidson reiterated a “buy” rating and set a $310.00 price objective on shares of CrowdStrike in a research report on Wednesday, September 18th.

Insider Activity

In related news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the transaction, the director now directly owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the transaction, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,500 shares of company stock valued at $13,301,815. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently added to or reduced their stakes in CRWD. Pathstone Holdings LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $450,418,000. Vanguard Group Inc. increased its stake in CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after purchasing an additional 1,028,405 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after purchasing an additional 564,662 shares during the period. Acadian Asset Management LLC boosted its position in shares of CrowdStrike by 619.0% during the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after purchasing an additional 477,706 shares in the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new stake in shares of CrowdStrike in the 4th quarter valued at about $100,459,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Down 2.2 %

Shares of CRWD stock opened at $293.14 on Thursday. The firm’s fifty day moving average price is $264.22 and its two-hundred day moving average price is $312.02. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a 1 year low of $157.59 and a 1 year high of $398.33. The firm has a market capitalization of $71.34 billion, a P/E ratio of 553.09, a PEG ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. On average, equities analysts predict that CrowdStrike will post 0.56 EPS for the current fiscal year.

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.