CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Receives Average Rating of “Moderate Buy” from Brokerages

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has earned a consensus rating of “Moderate Buy” from the forty-four analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, twenty-nine have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $379.73.

A number of research analysts have recently weighed in on CRWD shares. Hsbc Global Res cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Scotiabank lifted their price objective on CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Oppenheimer boosted their price target on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Rosenblatt Securities boosted their price target on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, November 25th.

CrowdStrike Stock Down 3.1 %

CRWD stock opened at $436.14 on Friday. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $107.43 billion, a P/E ratio of 855.19, a PEG ratio of 18.65 and a beta of 1.16. The business’s 50-day moving average price is $383.99 and its 200-day moving average price is $328.39.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,863 shares of the company’s 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 transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the transaction, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Empirical Asset Management LLC acquired a new position in shares of CrowdStrike in the fourth quarter valued at about $11,310,000. Beacon Financial Advisory LLC acquired a new position in shares of CrowdStrike in the third quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after purchasing an additional 78,305 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after purchasing an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC increased its holdings in shares of CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock valued at $1,922,000 after purchasing an additional 5,352 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

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.