share_log

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Receives Average Recommendation of "Moderate Buy" From Analysts

Defense World ·  Sep 25, 2022 03:21

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) have been assigned an average recommendation of "Moderate Buy" from the thirty-two ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and twenty-seven have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $241.71.

Several analysts recently issued reports on CRWD shares. BTIG Research cut their target price on CrowdStrike from $257.00 to $234.00 and set a "buy" rating for the company in a research report on Friday, June 3rd. Canaccord Genuity Group increased their target price on CrowdStrike from $212.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, August 31st. Piper Sandler increased their target price on CrowdStrike from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 31st. Royal Bank of Canada raised their price target on CrowdStrike from $232.00 to $236.00 and gave the company an "outperform" rating in a report on Wednesday, August 31st. Finally, DA Davidson cut their price target on CrowdStrike from $280.00 to $235.00 and set a "buy" rating for the company in a report on Friday, June 3rd.

Get CrowdStrike alerts:

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 12,103 shares of CrowdStrike stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $200.52, for a total transaction of $2,426,893.56. Following the completion of the sale, the insider now directly owns 180,252 shares of the company's stock, valued at approximately $36,144,131.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Godfrey Sullivan sold 10,000 shares of CrowdStrike stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $175.01, for a total value of $1,750,100.00. Following the transaction, the director now directly owns 170,000 shares in the company, valued at approximately $29,751,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 12,103 shares of CrowdStrike stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $200.52, for a total value of $2,426,893.56. Following the completion of the transaction, the insider now owns 180,252 shares in the company, valued at $36,144,131.04. The disclosure for this sale can be found here. Insiders sold a total of 118,114 shares of company stock valued at $20,787,583 in the last ninety days. Corporate insiders own 6.82% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. American International Group Inc. grew its stake in CrowdStrike by 4.0% during the 4th quarter. American International Group Inc. now owns 17,003 shares of the company's stock worth $3,481,000 after buying an additional 650 shares during the last quarter. GSA Capital Partners LLP purchased a new position in CrowdStrike during the 4th quarter worth $221,000. Clearstead Advisors LLC grew its stake in CrowdStrike by 46.7% during the 4th quarter. Clearstead Advisors LLC now owns 264 shares of the company's stock worth $54,000 after buying an additional 84 shares during the last quarter. LPL Financial LLC grew its stake in CrowdStrike by 0.5% during the 4th quarter. LPL Financial LLC now owns 179,428 shares of the company's stock worth $36,738,000 after buying an additional 835 shares during the last quarter. Finally, LMR Partners LLP purchased a new position in CrowdStrike during the 4th quarter worth $8,190,000. 67.43% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 0.6 %

NASDAQ CRWD opened at $160.39 on Friday. The stock's 50-day moving average price is $184.83 and its 200-day moving average price is $185.87. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.60. CrowdStrike has a 52 week low of $130.00 and a 52 week high of $298.48. The company has a market capitalization of $37.43 billion, a P/E ratio of -213.85 and a beta of 1.27.

CrowdStrike (NASDAQ:CRWD – Get Rating) last released its earnings results on Tuesday, August 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. CrowdStrike had a negative return on equity of 12.96% and a negative net margin of 9.45%. The firm had revenue of $535.15 million during the quarter, compared to analysts' expectations of $516.44 million. During the same quarter last year, the business posted ($0.21) earnings per share. The firm's revenue was up 58.5% on a year-over-year basis. On average, equities research analysts predict that CrowdStrike will post -0.76 earnings per share for the current year.

About CrowdStrike

(Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

Further Reading

  • Get a free copy of the StockNews.com research report on CrowdStrike (CRWD)
  • Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
  • MarketBeat: Week in Review 9/19 – 9/23
  • Why Does Tesla Stock Remain Resilient?
  • Are Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?
  • 2 Semiconductor Stocks To Watch For Reversals

Receive News & Ratings for CrowdStrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrowdStrike and related companies with MarketBeat.com's FREE daily email newsletter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment