Brokerages Set CrowdStrike Holdings, Inc. (NASDAQ:CRWD) PT at $382.35

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has been assigned an average recommendation of “Moderate Buy” from the thirty-nine ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, thirty-six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $382.35.

Several equities analysts recently commented on CRWD shares. Macquarie restated an “outperform” rating and set a $370.00 target price on shares of CrowdStrike in a research report on Tuesday, March 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Friday, June 21st. Mizuho decreased their price objective on CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Rosenblatt Securities boosted their target price on CrowdStrike from $415.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Finally, Scotiabank cut their price target on CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating on the stock in a report on Wednesday, June 5th.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the sale, the director now directly owns 824,234 shares in the company, valued at $313,382,009.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the transaction, the director now directly owns 824,234 shares in the company, valued at approximately $313,382,009.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,662 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders sold 219,675 shares of company stock worth $76,681,402 over the last three months. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CRWD. Morgan Stanley raised its position in CrowdStrike by 124.4% during the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after purchasing an additional 2,757,251 shares during the last quarter. Norges Bank acquired a new stake in CrowdStrike during the 4th quarter worth about $683,336,000. Pathstone Holdings LLC acquired a new stake in CrowdStrike during the 4th quarter worth about $450,418,000. Jennison Associates LLC grew its holdings in CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after acquiring an additional 1,581,796 shares during the period. Finally, Vanguard Group Inc. grew its holdings in CrowdStrike by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after acquiring an additional 1,028,405 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $371.32 on Friday. CrowdStrike has a 1-year low of $140.52 and a 1-year high of $398.33. The firm has a market capitalization of $90.36 billion, a PE ratio of 700.62, a PEG ratio of 18.87 and a beta of 1.10. The business’s 50 day moving average is $358.34 and its 200-day moving average is $322.36. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Sell-side analysts predict that CrowdStrike will post 0.9 earnings per share for the current 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.