CrowdStrike (NASDAQ:CRWD) Receives Average Recommendation of “Moderate Buy” from Brokerages

CrowdStrike (NASDAQ:CRWD) has been assigned a consensus rating of “Moderate Buy” from the fifty ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $555.2083.

A number of analysts have weighed in on the company. Daiwa Capital Markets increased their price target on CrowdStrike from $530.00 to $560.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. KeyCorp reaffirmed a “sector weight” rating on shares of CrowdStrike in a research note on Monday, January 12th. Robert W. Baird boosted their price target on CrowdStrike from $490.00 to $550.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. UBS Group increased their price target on CrowdStrike from $580.00 to $590.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Finally, Citigroup lifted their price objective on shares of CrowdStrike from $595.00 to $610.00 and gave the company a “buy” rating in a research note on Monday, January 12th.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 17,550 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $481.38, for a total value of $8,448,219.00. Following the transaction, the chief executive officer directly owned 2,090,532 shares in the company, valued at $1,006,340,294.16. This represents a 0.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Johanna Flower sold 3,000 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $461.94, for a total value of $1,385,820.00. Following the transaction, the director owned 76,082 shares in the company, valued at $35,145,319.08. This trade represents a 3.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 69,048 shares of company stock worth $34,509,857. 3.32% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently made changes to their positions in the company. Laurel Wealth Advisors LLC raised its holdings in shares of CrowdStrike by 54,635.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock valued at $2,186,714,000 after purchasing an additional 4,285,640 shares in the last quarter. Norges Bank purchased a new position in CrowdStrike during the second quarter valued at approximately $1,638,365,000. Vestor Capital LLC raised its stake in CrowdStrike by 269,840.3% in the second quarter. Vestor Capital LLC now owns 977,184 shares of the company’s stock worth $497,690,000 after buying an additional 976,822 shares in the last quarter. Vanguard Group Inc. raised its stake in CrowdStrike by 2.6% in the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock worth $11,933,425,000 after buying an additional 596,007 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in CrowdStrike by 232.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 714,165 shares of the company’s stock worth $334,772,000 after buying an additional 499,353 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Down 0.7%

CrowdStrike stock opened at $441.40 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The company’s 50-day moving average is $480.04 and its 200-day moving average is $477.32. The firm has a market capitalization of $111.28 billion, a PE ratio of -350.32, a P/E/G ratio of 108.84 and a beta of 1.03. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The company’s revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. Sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

About CrowdStrike

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.