CrowdStrike (NASDAQ:CRWD) Given Consensus Recommendation of "Moderate Buy" by Brokerages

CrowdStrike (NASDAQ:CRWD - Get Free Report) has earned an average recommendation of "Moderate Buy" from the forty-five ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and twenty-eight have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $453.17.

A number of analysts have commented on the stock. Scotiabank upped their target price on shares of CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. Piper Sandler lifted their price objective on CrowdStrike from $400.00 to $505.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Cantor Fitzgerald increased their target price on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. KeyCorp reduced their target price on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Finally, Oppenheimer lifted their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th.

CrowdStrike Trading Down 1.8%

CRWD opened at $476.30 on Friday. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $493.20. The stock has a market capitalization of $118.72 billion, a PE ratio of -690.29 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $440.62 and a two-hundred day moving average price of $396.60.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 earnings per share. As a group, equities analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, Director Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total value of $4,890,000.00. Following the sale, the director now directly owns 29,500 shares of the company's stock, valued at $14,425,500. This trade represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 25,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the sale, the president now owns 422,204 shares in the company, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,748 shares of company stock valued at $89,478,971 in the last quarter. 3.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of CRWD. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike in the 1st quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC lifted its stake in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in CrowdStrike during the first quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. boosted its position in CrowdStrike by 305.3% during 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 period. Finally, FPC Investment Advisory Inc. grew its stake in shares of CrowdStrike by 811.1% during 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. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.

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