CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Receives $403.83 Consensus Price Target from Brokerages

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) have been given an average rating of "Moderate Buy" by the forty-six brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $403.83.

CRWD has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. The Goldman Sachs Group reissued a "buy" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Needham & Company LLC reiterated a "buy" rating and set a $420.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Jefferies Financial Group reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Wednesday, May 7th. Finally, Robert W. Baird cut their price target on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th.

Insiders Place Their Bets

In other CrowdStrike news, Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction on Monday, May 5th. The stock was sold at an average price of $449.00, for a total transaction of $4,490,000.00. Following the completion of the transaction, the director now directly owns 49,500 shares of the company's stock, valued at approximately $22,225,500. This trade represents a 16.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares of the company's stock, valued at $31,669,042. This represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,431 shares of company stock worth $74,472,548 over the last quarter. Company insiders own 3.32% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Cloud Capital Management LLC bought a new position in CrowdStrike in the 1st quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the last quarter. Vision Financial Markets LLC bought a new position in shares of CrowdStrike in the first quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the last quarter. Finally, FPC Investment Advisory Inc. raised its holdings in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after buying an additional 73 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Up 3.7%

Shares of NASDAQ CRWD traded up $16.63 during mid-day trading on Tuesday, hitting $472.22. 3,992,982 shares of the company traded hands, compared to its average volume of 5,126,759. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $474.19. The stock has a market capitalization of $117.05 billion, a price-to-earnings ratio of 925.94, a PEG ratio of 17.86 and a beta of 1.22. 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 business has a 50 day moving average of $396.65 and a two-hundred day moving average of $380.76.

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.