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

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have been assigned a consensus recommendation of “Moderate Buy” from the forty-three ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, thirty have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $369.00.

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price target on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Robert W. Baird upped their target price on shares of CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Stifel Nicolaus increased their target price on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company boosted their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, BMO Capital Markets raised their price objective on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the transaction, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,351 shares of company stock valued at $38,935,113. 4.34% of the stock is owned by insiders.

Institutional Trading of CrowdStrike

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp grew its stake in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC lifted its holdings in CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after buying an additional 352,180 shares during the period. Geode Capital Management LLC grew its position in shares of CrowdStrike by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after buying an additional 97,990 shares during the last quarter. Legal & General Group Plc increased its stake in shares of CrowdStrike by 3.0% during the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after buying an additional 60,607 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after acquiring an additional 77,100 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD opened at $374.92 on Wednesday. The firm has a market capitalization of $92.35 billion, a price-to-earnings ratio of 735.15, a PEG ratio of 20.07 and a beta of 1.14. The firm’s fifty day simple moving average is $358.65 and its 200-day simple moving average is $311.81. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $398.33. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.