CrowdStrike (NASDAQ:CRWD) Receives Consensus Rating of “Moderate Buy” from Brokerages

CrowdStrike (NASDAQ:CRWDGet Free Report) has received an average rating of “Moderate Buy” from the forty-nine ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirty-two have issued a buy rating and one has 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 $506.2553.

Several analysts recently commented on the company. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research report on Monday, November 24th. Piper Sandler upgraded CrowdStrike from a “neutral” rating to an “overweight” rating and set a $520.00 price target for the company in a research report on Monday, March 2nd. Scotiabank reissued an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, December 3rd. Berenberg Bank set a $600.00 price target on CrowdStrike and gave the company a “buy” rating in a report on Friday, January 9th. Finally, Barclays cut their price objective on shares of CrowdStrike from $610.00 to $550.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th.

Check Out Our Latest Report on CrowdStrike

CrowdStrike Price Performance

NASDAQ CRWD opened at $409.00 on Monday. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $566.90. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. The stock has a market cap of $103.73 billion, a price-to-earnings ratio of -552.70, a price-to-earnings-growth ratio of 17.94 and a beta of 1.07. The company has a 50-day moving average price of $424.66 and a two-hundred day moving average price of $470.10.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. CrowdStrike had a negative return on equity of 0.14% and a negative net margin of 3.81%.The business’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. Analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 836 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $476.83, for a total value of $398,629.88. Following the completion of the sale, the chief accounting officer directly owned 43,726 shares of the company’s stock, valued at approximately $20,849,868.58. This represents a 1.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Burt W. Podbere sold 7,871 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $415.78, for a total transaction of $3,272,604.38. Following the completion of the transaction, the chief financial officer owned 169,613 shares of the company’s stock, valued at $70,521,693.14. This trade represents a 4.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 48,967 shares of company stock worth $20,660,502 in the last 90 days. Corporate insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning LLC bought a new position in CrowdStrike during the 4th quarter valued at $692,000. Forty three Eighteen Advisors LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth $255,000. Rockefeller Capital Management L.P. lifted its holdings in shares of CrowdStrike by 16.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 511,354 shares of the company’s stock valued at $239,702,000 after buying an additional 73,053 shares during the period. Osbon Capital Management LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at $434,000. Finally, Spear Advisors LLC bought a new position in CrowdStrike during the fourth quarter valued at about $3,513,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

More CrowdStrike News

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CrowdStrike Company Profile

(Get Free Report)

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.

Further Reading

Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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