CrowdStrike (CRWD) Stock Price, News & Analysis

$289.15
+6.51 (+2.30%)
(As of 04/22/2024 ET)
Today's Range
$281.40
$291.23
50-Day Range
$282.64
$334.55
52-Week Range
$115.67
$365.00
Volume
2.48 million shs
Average Volume
3.60 million shs
Market Capitalization
$69.94 billion
P/E Ratio
803.22
Dividend Yield
N/A
Price Target
$371.87

CrowdStrike MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.97 Rating Score
Upside/​Downside
28.6% Upside
$371.87 Price Target
Short Interest
Healthy
2.42% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.11
Upright™ Environmental Score
News Sentiment
0.62mentions of CrowdStrike in the last 14 days
Based on 34 Articles This Week
Insider Trading
Selling Shares
$72.11 M Sold Last Quarter
Proj. Earnings Growth
59.82%
From $1.12 to $1.79 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.90 out of 5 stars

Computer And Technology Sector

23rd out of 589 stocks

Prepackaged Software Industry

7th out of 201 stocks

CRWD stock logo

About CrowdStrike Stock (NASDAQ:CRWD)

CrowdStrike Holdings, Inc. is a US-based multinational cybersecurity company headquartered in Austin, Texas. The company provides security solutions for cloud-based workloads, endpoint security, threat intelligence and cyber attack response.

Crowdstrike Holdings, Inc. was founded by three partners in 2011. They brought on a 4th in 2012, a former FBI official, to lead the newly designated Crowdstrike Services group. The group was intended to pair with existing services and provide response services for victims of cyber crimes. The company launched its first product, Falcon, in 2013, and it is still the primary source of revenue. The company counts cloud-based giants like Google, AWS, Redhat, Salesforce.com and ServiceNow as clients, among many others.

In the time since, Crowdstrike Holdings, Inc has been at the heart of the fight against cybercrime. Its research and services have detected or been used to investigate numerous high-profile events, including the Sony Pictures hack, the DNC hack and espionage by China against the US.

Crowdstrike Holdings, Inc entered a high-growth phase around 2015 and raised funds through multiple capital raises. Google is a notable investor and one of the world’s leading cloud infrastructure providers. The company maintains a high level of institutional ownership to this day.

Crowdstrike came to the public market in 2019. The company held its IPO on the NASDAQ Exchange and surprised the market with its valuation and post-IPO action. The stock first traded above the expected range and then quickly doubled in price. However, investors had to endure a brief pullback to below the IPO price in late 2019 and early 2020, which was negated by a surge in demand spurred by the COVID-19 pandemic. Total revenue in 2022 came in at $1.45 billion, up 66% from the previous year.

The company offers its services via five packages all based on the core Falcon system. The base package is called Falcon Go and is suited to smaller operations and those just getting started with Crowdstrike. The highest level is Falcon Complete which provides end-to-end security and response services. Services are classified into three groups: prevention, response and assessment/evolution of needs.

Crowdstrike is the recognized leader in endpoint security. Endpoint security focuses on securing digital endpoints such as computers, laptops and mobile devices used by a network. Gartner’s Customer’s Choice Award is among the many awards and recognitions, which the company has won for several years. On a category basis, the company scored 4 out of 5 stars in all five categories, with responses from more than 230 individual companies.

One of the advantages of using Crowdstrike is its unified nature. Not only can users get an end-to-end security package, but they can leverage its research capabilities as well. These capabilities are seen in the proactive threat detection and prevention tools at the cutting edge of today’s cybersecurity industry. Advanced AI helps to connect the dots and provide more comprehensive protection.



CRWD Stock Price History

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Company Calendar

Last Earnings
3/05/2024
Today
4/22/2024
Next Earnings (Estimated)
5/29/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:CRWD
Fax
N/A
Employees
7,925
Year Founded
2011

Price Target and Rating

Average Stock Price Target
$371.87
High Stock Price Target
$432.00
Low Stock Price Target
$190.00
Potential Upside/Downside
+30.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.97
Research Coverage
38 Analysts

Profitability

Net Income
$89.33 million
Pretax Margin
4.02%

Debt

Sales & Book Value

Annual Sales
$3.06 billion
Cash Flow
$2.09 per share
Book Value
$9.66 per share

Miscellaneous

Free Float
228,131,000
Market Cap
$68.82 billion
Optionable
Optionable
Beta
1.05

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Should I Buy CrowdStrike Stock? CRWD Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in CrowdStrike Holdings, Inc.:

  • CrowdStrike provides cloud-delivered protection across endpoints and cloud workloads, ensuring comprehensive cybersecurity solutions.
  • The company offers a unified platform with AI-powered workflow automation, enhancing security operations efficiency.
  • Investors can benefit from CrowdStrike's focus on securing generative AI workload services, tapping into the growing AI market.
  • Recent developments show a strong market demand for cybersecurity solutions, indicating potential revenue growth for CrowdStrike.
  • Considering the current stock price and market trends, investing in CrowdStrike may offer a favorable return on investment.

Cons

Investors should be bearish about investing in CrowdStrike Holdings, Inc. for these reasons:

  • Competition in the cybersecurity industry is intense, leading to potential pricing pressures and market share challenges for CrowdStrike.
  • Market volatility and economic uncertainties could impact the demand for cybersecurity services, affecting CrowdStrike's revenue stability.
  • Regulatory changes or data privacy concerns may pose risks to CrowdStrike's operations and market positioning.
  • Investing in technology companies like CrowdStrike carries inherent risks related to rapid technological advancements and evolving industry standards.
  • While the cybersecurity sector offers growth opportunities, investors should carefully assess the competitive landscape and market dynamics before investing in CrowdStrike.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these CrowdStrike pros and cons to contact@marketbeat.com.

CRWD Stock Analysis - Frequently Asked Questions

Should I buy or sell CrowdStrike stock right now?

38 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CrowdStrike in the last year. There are currently 1 hold rating and 37 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CRWD shares.
View CRWD analyst ratings
or view top-rated stocks.

What is CrowdStrike's stock price target for 2024?

38 equities research analysts have issued 1 year target prices for CrowdStrike's stock. Their CRWD share price targets range from $190.00 to $432.00. On average, they anticipate the company's share price to reach $371.87 in the next year. This suggests a possible upside of 28.6% from the stock's current price.
View analysts price targets for CRWD
or view top-rated stocks among Wall Street analysts.

How have CRWD shares performed in 2024?

CrowdStrike's stock was trading at $255.32 on January 1st, 2024. Since then, CRWD shares have increased by 13.3% and is now trading at $289.15.
View the best growth stocks for 2024 here
.

When is CrowdStrike's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
View our CRWD earnings forecast
.

How were CrowdStrike's earnings last quarter?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) released its quarterly earnings results on Tuesday, March, 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $845.34 million for the quarter, compared to analysts' expectations of $839.08 million. CrowdStrike had a trailing twelve-month return on equity of 6.09% and a net margin of 2.92%.

What guidance has CrowdStrike issued on next quarter's earnings?

CrowdStrike issued an update on its first quarter 2025 earnings guidance on Wednesday, March, 6th. The company provided EPS guidance of 0.890-0.900 for the period, compared to the consensus earnings per share estimate of 0.820. The company issued revenue guidance of $902.2 million-$905.8 million, compared to the consensus revenue estimate of $899.3 million.

What is George Kurtz's approval rating as CrowdStrike's CEO?

311 employees have rated CrowdStrike Chief Executive Officer George Kurtz on Glassdoor.com. George Kurtz has an approval rating of 96% among the company's employees. This puts George Kurtz in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 88.0% of employees surveyed would recommend working at CrowdStrike to a friend.

What other stocks do shareholders of CrowdStrike own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CrowdStrike investors own include NVIDIA (NVDA), Zoom Video Communications (ZM), DocuSign (DOCU), Tesla (TSLA), Block (SQ), PayPal (PYPL), Advanced Micro Devices (AMD), Shopify (SHOP), Salesforce (CRM) and Okta (OKTA).

When did CrowdStrike IPO?

CrowdStrike (CRWD) raised $378 million in an IPO on Wednesday, June 12th 2019. The company issued 18,000,000 shares at $19.00-$23.00 per share. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch and Barclays served as the underwriters for the IPO and Credit Suisse, Jefferies, RBC Capital Markets, Stifel, HSBC, Macquarie Capital, Piper Jaffray, SunTrust Robinson Humphrey, BTIG, JMP Securities, Mizuho Securities and Needham & Company Oppenheimer were co-managers.

Who are CrowdStrike's major shareholders?

CrowdStrike's stock is owned by many different institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.33%), Allspring Global Investments Holdings LLC (0.22%), Raymond James & Associates (0.13%), State of Michigan Retirement System (0.10%), Ferguson Wellman Capital Management Inc. (0.07%) and Avity Investment Management Inc. (0.07%). Insiders that own company stock include Abhishek Maheshwari, Anurag Saha, Bali Muralidhar, Burt W Podbere, Burt W Podbere, Cary Davis, Colin Black, Denis Oleary, George Kurtz, Gerhard Watzinger, Godfrey Sullivan, Joseph E Sexton, Michael J Carpenter, Michael J Carpenter, Michael Sentonas, Peter Cameron Hyzer, Roxanne S Austin, Sameer K Gandhi and Shawn Henry.
View institutional ownership trends
.

How do I buy shares of CrowdStrike?

Shares of CRWD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does CrowdStrike have any subsidiaries?
The following companies are subsidiares of CrowdStrike: CrowdStrike (Netherlands) B.V., CrowdStrike Australia PTY LTD, CrowdStrike Canada, CrowdStrike GMBH, CrowdStrike India Private Limited, CrowdStrike International Inc., CrowdStrike Ireland Limited, CrowdStrike Israel, CrowdStrike Italy S.R.L., CrowdStrike Japan KK, CrowdStrike Malaysia Sdn. Bhd., CrowdStrike Mexico S de RL de CV, CrowdStrike Middle East DMCC, CrowdStrike S.R.L., CrowdStrike Services, CrowdStrike Singapore PTE. LTD, CrowdStrike UK LTD, Payload Security, and Preempt Security.
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This page (NASDAQ:CRWD) was last updated on 4/22/2024 by MarketBeat.com Staff

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