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

Shares of CrowdStrike (NASDAQ:CRWD - Get Free Report) have earned an average recommendation of "Moderate Buy" from the forty-six ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and twenty-six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $456.40.

CRWD has been the subject of a number of analyst reports. Rosenblatt Securities increased their price target on CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Sanford C. Bernstein lowered CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price objective for the company. in a research report on Friday, June 6th. Piper Sandler lowered CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price objective for the company. in a research report on Monday, July 7th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $485.00 price target (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th.

CrowdStrike Stock Performance

Shares of CRWD opened at $473.28 on Wednesday. The business's fifty day simple moving average is $471.45 and its two-hundred day simple moving average is $412.62. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98. The company has a market cap of $117.97 billion, a price-to-earnings ratio of -685.91 and a beta of 1.16.

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

Insider Buying and Selling

In other news, President Michael Sentonas sold 25,000 shares of the business's stock in a transaction dated 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 transaction, the president directly owned 422,204 shares in the company, valued at $201,391,308. The trade was a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director owned 18,858 shares in the company, valued at approximately $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 253,221 shares of company stock valued at $117,687,463 over the last ninety days. Company insiders own 3.32% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $1,111,542,000. Nuveen LLC purchased a new position in shares of CrowdStrike during the first quarter valued at approximately $595,766,000. Jennison Associates LLC lifted its stake in shares of CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after buying an additional 1,144,295 shares during the period. GAMMA Investing LLC raised its stake in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after purchasing an additional 1,084,506 shares during the period. Finally, Pathstone Holdings LLC raised its stake in CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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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