CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has been the centre of attention in recent times with its cloud-delivered protection services being highly sought-after by consumers. As per Bloomberg Ratings reports, shares of CrowdStrike have earned a consensus rating of “Moderate Buy” from a staggering forty-one ratings firms that are presently covering the stock. Five equities research analysts have rated the stock with a hold recommendation and thirty-six have issued a buy recommendation on the company.
Founded in 2011, CrowdStrike provides cutting-edge solutions to its customers’ security needs across endpoints and cloud workloads, identity, and data. The company offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.
Institutional investors have also taken notice of the company’s potential, buying stakes in it over the last few months. For instance, Coppell Advisory Solutions Corp. acquired a new stake in CrowdStrike during the 4th quarter worth approximately $25,000 whilst Freedom Wealth Alliance LLC acquired a new stake worth approximately $32,000 during the same period. Glassman Wealth Services also increased its holdings in shares of CrowdStrike by 41.9% during the 4th quarter to achieve a portfolio worth $34,000 after buying an additional 96 shares.
Moreover, Psagot Value Holdings Ltd.Israel acquired a new stake in shares of CrowdStrike worth approximately $37k during the fourth quarter while Accurate Wealth Management LLC rounded up investments with an acquisition of their own worth approximately $38k during that period as well.
All this underscores institutional investors’ confidence in CrowdStrike’s future prospects which appears more than justified given its impressive one-year average analyst price objective standing at $176.88. With 61.40% of CRWD stock owned by hedge funds and other institutional investors according to reports on Bloomberg Ratings findings it appears that the future is looking bright for CrowdStrike and its users alike.
CrowdStrike Holdings, Inc.
Updated on: 03/03/2024
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
We did not find social sentiment data for this stock
|Analyst / firm
CrowdStrike Inc. Receives Positive Reviews from Research Firms and Insider Sales
CrowdStrike Holdings, Inc. has been making headlines in the investment world lately. Several research firms have commented on CRWD over the past few months, each raising their target price and rating for the company. The recent wave of positivity surrounding CrowdStrike can be attributed to its cloud-delivered protection services across endpoints and data.
Mizuho, BMO Capital Markets, Citigroup, KeyCorp, and Macquarie have all published research notes with recommendations to buy CrowdStrike’s stock. KeyCorp began coverage on CrowdStrike on June 14th, issuing an ‘overweight’ rating and a $200 price target for the company. Macquarie reiterated an ‘outperform’ rating and gave a $180 price target on April 6th.
Recently, President Michael Sentonas sold 10,551 shares of the company’s stock in a transaction dated June 21st at an average price of $150.48 per share, amounting to a total value of $1,587,714.48. Following this sale, Michael Sentonas now owns 381,289 shares of CrowdStrike’s stocks valued at approximately $57,376,368.72.
As if this was not enough cause for excitement around CrowdStrike’s stock performance over these last few months – insider Shawn Henry also sold 9,218 shares of the firm’s stock in a transaction dated June 21st at an average price of $150.48 per share for a total transaction value of approximately $1,387,124.64.
At opening on Tuesday August 10th Crowdstrike’s stock traded at a rate of $141.81 per share which reflected its market cap valuation worth close to $33.62 billion USD as well as its PEG ratio being at 83.08; however its PE ratio was negative with -218.17 indicating that investors are either willing to bet into future growth predictions or own an equity position in a company with negative earnings.
In conclusion, CrowdStrike is a company on the rise thanks to its cloud-delivered protection services. Its positive outlook continues with increased target prices and ratings from top research firms over the past few months. As always, investors should study and analyze this company’s metrics before making any trading decisions.