The Price Target For CrowdStrike Holdings Inc. (CRWD)?

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CrowdStrike Holdings Inc. (NASDAQ:CRWD) finished Wednesday with a subtraction of -$4.62 to close at $169.25, a downside of -2.66 percent. An average of 3,097,860 shares of common stock have been traded in the last five days. There was a fall of -$14.86 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 4,274,245 shares traded, while the 50-day average volume stands at 3,368,808.

CRWD stock has decreased by -8.95% in the last month. The company shares reached their 1-month lowest point of $166.80 on 09/07/22. With the stock rallying to its 52-week high on 04/13/22, shares of the company touched a low of $130.00 and a high of $298.48 in 52 weeks. It has reached a new high 12 times so far this year and lost -17.34% or -$35.50 in price. In spite of this, the price is down -43.30% from the 52-week high.


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Insider Transactions

14 days have passed since CrowdStrike Holdings Inc. (CRWD) last reported insider trading activity. SULLIVAN GODFREY, who is Director, most recently acquired $10,000 shares at $175.01 per share on Sep 08. In this transaction, the insider spent $1,750,071. Please, Henry Shawn, disposed of 12,103 shares at a price of $200.52 on Aug 10. The insider now owns more than $2,426,949 worth of shares. Prior to that, CHIEF FINANCIAL OFFICER Podbere Burt W. went on to Sale 11,438 shares at $165.22 each on Jun 21. An amount of $1,889,753 was transacted.

Valuation Metrics

CrowdStrike Holdings Inc. (CRWD) has a trailing price-to-sales (P/S) ratio at 22.53, the price-to-book (PB) ratio at 32.12, and the price-to-cash flow ratio at 72.62.

Financial Health

The quick ratio of CrowdStrike Holdings Inc. for the three months ended July 30 was 1.80, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.60 and a total debt to equity ratio of 0.60 for the quarter ending July 30. Its gross profit as reported stood at $1.07 billion compared to revenue of $1.45 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CrowdStrike Holdings Inc.’s return on assets was -4.60%.

Earnings Surprise

For the three-month period that ended July 30, CrowdStrike Holdings Inc. had $740.26 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$49.29 million in the quarter, while revenues of $39.68 million were shrunk -38.26%. The analyst consensus anticipated CrowdStrike Holdings Inc.’s latest quarter earnings to come in at $0.27 per share, but it turned out to be $0.36, a 33.30% surprise. For the quarter, EBITDA amounted to $13.56 million. Shareholders own equity worth $233.38 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at CrowdStrike Holdings Inc. (CRWD) price momentum. RSI 9-day as of the close on 21 September was 36.06%, suggesting the stock is Neutral, with historical volatility in this time frame at 54.94%.

As of today, CRWD’s price is $173.68 -8.07% or -$14.86 from its 5-day moving average. CRWD is currently trading -12.01% lower than its 20-day SMA and -18.26% lower than its 100-day SMA. However, the stock’s current price level is -2.95% below the SMA50 and -14.11% below the SMA200.

The stochastic %K and %D were 19.57% and 21.85%, respectively, and the average true range (ATR) was 7.55. With the 14-day stochastic at 8.60% and the average true range at 7.89, the RSI (14) stands at 39.78%. The stock has reached -7.51 on the 9-day MACD Oscillator while the 14-day reading was at -5.13.

Analyst Ratings

MKM Partners launched coverage on CrowdStrike Holdings Inc. (NASDAQ: CRWD) in its analyst report released on September 16, 2022. The firm assigned the stock a Buy rating. The consensus rating for CrowdStrike Holdings Inc. (CRWD) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CRWD, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 29 others rate it as a “buy”.

What is CRWD’s price target for the next 12 months?

Analysts predict a range of price targets between $193.00 and $385.00, with a median target of $234.50. Taking a look at these predictions, the average price target given by analysts for CrowdStrike Holdings Inc. (CRWD) stock is $239.31.

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