CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Receives Average Recommendation of “Buy” from Analysts

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) have been given an average rating of “Buy” by the thirty ratings firms that are currently covering the stock, Marketbeat.com reports. Twenty-three equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $251.38.

A number of analysts recently commented on CRWD shares. UBS Group lowered their price objective on CrowdStrike from $285.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, May 19th. JMP Securities reiterated a “buy” rating and issued a $275.00 price objective on shares of CrowdStrike in a research report on Friday, June 3rd. Barclays boosted their target price on CrowdStrike from $182.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, June 3rd. Stifel Nicolaus decreased their target price on CrowdStrike from $250.00 to $205.00 in a research report on Friday, June 3rd. Finally, Piper Sandler decreased their target price on CrowdStrike from $250.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, June 3rd.

Shares of CRWD stock opened at $157.21 on Friday. The stock has a market cap of $36.48 billion, a P/E ratio of -199.00 and a beta of 1.46. CrowdStrike has a one year low of $130.00 and a one year high of $298.48. The stock has a fifty day moving average price of $179.41 and a 200 day moving average price of $188.27. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.83 and a quick ratio of 1.83.

CrowdStrike (NASDAQ:CRWDGet Rating) last issued its quarterly earnings data on Thursday, June 2nd. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. CrowdStrike had a negative return on equity of 14.50% and a negative net margin of 11.08%. The company had revenue of $487.83 million during the quarter, compared to analysts’ expectations of $464.35 million. During the same period last year, the business earned ($0.14) earnings per share. The business’s revenue was up 61.1% on a year-over-year basis. Equities research analysts anticipate that CrowdStrike will post -0.61 EPS for the current year.

In related news, insider Shawn Henry sold 10,536 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $203.23, for a total transaction of $2,141,231.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Burt W. Podbere sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 12th. The stock was sold at an average price of $235.09, for a total value of $2,350,900.00. Following the transaction, the chief financial officer now directly owns 321,215 shares in the company, valued at $75,514,434.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 150,458 shares of company stock worth $31,573,555. Company insiders own 6.82% of the company’s stock.

Several hedge funds have recently bought and sold shares of CRWD. Morgan Stanley grew its holdings in CrowdStrike by 223.3% in the 2nd quarter. Morgan Stanley now owns 4,563,798 shares of the company’s stock valued at $1,146,928,000 after buying an additional 3,152,219 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in CrowdStrike by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 114,871 shares of the company’s stock valued at $28,233,000 after buying an additional 3,294 shares in the last quarter. MML Investors Services LLC grew its holdings in CrowdStrike by 11.7% in the 3rd quarter. MML Investors Services LLC now owns 13,346 shares of the company’s stock valued at $3,280,000 after buying an additional 1,398 shares in the last quarter. Metropolitan Life Insurance Co NY grew its holdings in CrowdStrike by 18.9% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 13,220 shares of the company’s stock valued at $3,249,000 after buying an additional 2,106 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of CrowdStrike by 8.9% during the 3rd quarter. LPL Financial LLC now owns 178,593 shares of the company’s stock worth $43,895,000 after purchasing an additional 14,609 shares in the last quarter. 63.02% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Company Profile (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.

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Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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