CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Receives $355.80 Consensus Target Price from Analysts

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have been assigned a consensus rating of “Moderate Buy” from the forty-three brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $355.80.

Several research firms recently commented on CRWD. UBS Group reduced their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $330.00 price target on shares of CrowdStrike in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft lowered their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, August 26th. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a research report on Wednesday, November 27th. Finally, Citigroup boosted their price target on CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $353.60 on Tuesday. CrowdStrike has a one year low of $200.81 and a one year high of $398.33. The company has a market capitalization of $87.10 billion, a PE ratio of 693.33, a P/E/G ratio of 19.63 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a 50-day simple moving average of $324.38 and a two-hundred day simple moving average of $313.39.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $349.34, for a total value of $2,183,375.00. Following the sale, the director now directly owns 809,266 shares of the company’s stock, valued at $282,708,984.44. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 144,498 shares of company stock worth $45,116,385 over the last three months. 4.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently modified their holdings of CRWD. State Street Corp grew its stake in CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the last quarter. Geode Capital Management LLC grew its position in shares of CrowdStrike by 2.0% in the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after purchasing an additional 97,990 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after purchasing an additional 60,607 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after buying an additional 77,100 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.