Brokerages Set CrowdStrike Holdings, Inc. (NASDAQ:CRWD) PT at $328.74

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has received an average recommendation of “Moderate Buy” from the forty-one research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, thirty-one have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $328.74.

CRWD has been the topic of several analyst reports. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. Citigroup reduced their price target on CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. UBS Group reduced their price target on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. reduced their price target on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price target on shares of CrowdStrike in a report on Thursday, September 19th.

CrowdStrike Trading Down 0.2 %

Shares of CRWD stock opened at $330.03 on Friday. The stock’s fifty day moving average is $289.62 and its two-hundred day moving average is $308.72. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $80.90 billion, a P/E ratio of 478.30, a PEG ratio of 21.64 and a beta of 1.10. CrowdStrike has a fifty-two week low of $189.12 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. Research analysts expect that CrowdStrike will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,248 shares of company stock valued at $32,143,350. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Overbrook Management Corp purchased a new position in shares of CrowdStrike in the 3rd quarter valued at $8,213,000. Citizens Financial Group Inc. RI grew its position in shares of CrowdStrike by 26.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,036 shares of the company’s stock valued at $571,000 after buying an additional 423 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of CrowdStrike by 10.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 16,518 shares of the company’s stock valued at $4,633,000 after buying an additional 1,590 shares during the last quarter. Moors & Cabot Inc. boosted its stake in CrowdStrike by 27.3% during the 3rd quarter. Moors & Cabot Inc. now owns 3,868 shares of the company’s stock worth $1,085,000 after purchasing an additional 829 shares during the period. Finally, Cedar Wealth Management LLC boosted its stake in CrowdStrike by 3,333.3% during the 3rd quarter. Cedar Wealth Management LLC now owns 206 shares of the company’s stock worth $58,000 after purchasing an additional 200 shares during the period. 71.16% of the stock is 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.