Brokerages Set CrowdStrike Holdings, Inc. (NASDAQ:CRWD) PT at $325.44

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has received a consensus recommendation of “Moderate Buy” from the forty-one research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, thirty-one have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $328.74.

Several research firms have recently weighed in on CRWD. Argus decreased their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Jefferies Financial Group lifted their target price on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. The Goldman Sachs Group reduced their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Wells Fargo & Company reduced their target price on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Finally, Raymond James reduced their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $310.15 on Monday. The company’s 50-day moving average price is $276.25 and its 200-day moving average price is $308.36. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market cap of $75.48 billion, a P/E ratio of 585.19, a P/E/G ratio of 19.94 and a beta of 1.10. CrowdStrike has a twelve month low of $170.17 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. On average, sell-side analysts forecast that CrowdStrike will post 0.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the transaction, the insider now owns 124,298 shares in the company, valued at $38,455,315.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the sale, the insider now owns 124,298 shares of the company’s stock, valued at $38,455,315.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,212 shares of company stock worth $30,529,413 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Institutional investors have recently modified their holdings of the stock. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $25,000. Tsfg LLC boosted its stake in CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike during the 1st quarter worth $30,000. Family Firm Inc. acquired a new stake in CrowdStrike during the 2nd quarter worth $30,000. Finally, Northwest Bank & Trust Co acquired a new stake in CrowdStrike during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Company Profile

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.