CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Receives $371.87 Average PT from Analysts

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have been assigned a consensus rating of “Moderate Buy” from the thirty-eight research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $371.87.

Several analysts have recently commented on the stock. DA Davidson raised their price objective on shares of CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Barclays lifted their target price on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Wednesday, April 17th. Royal Bank of Canada lifted their target price on shares of CrowdStrike from $357.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Wells Fargo & Company lifted their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a research note on Monday, March 4th.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Sentonas sold 18,747 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the completion of the sale, the president now directly owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock valued at $72,113,932 in the last three months. Company insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Weatherly Asset Management L. P. acquired a new position in CrowdStrike during the 1st quarter valued at approximately $354,000. Signature Wealth Management Partners LLC increased its stake in CrowdStrike by 6.5% during the 1st quarter. Signature Wealth Management Partners LLC now owns 1,697 shares of the company’s stock valued at $544,000 after purchasing an additional 103 shares in the last quarter. BLB&B Advisors LLC acquired a new position in CrowdStrike during the 1st quarter valued at approximately $544,000. UMB Bank n.a. increased its stake in CrowdStrike by 304.5% during the 1st quarter. UMB Bank n.a. now owns 21,538 shares of the company’s stock valued at $6,905,000 after purchasing an additional 16,214 shares in the last quarter. Finally, LifeSteps Financial Inc. acquired a new position in CrowdStrike during the 1st quarter valued at approximately $120,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $304.07 on Monday. The company has a 50-day simple moving average of $314.71 and a two-hundred day simple moving average of $269.29. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike has a 12-month low of $115.67 and a 12-month high of $365.00. The firm has a market cap of $73.55 billion, a price-to-earnings ratio of 844.66, a PEG ratio of 12.16 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The firm had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. On average, equities analysts forecast that CrowdStrike will post 1.12 EPS for the current year.

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.