CrowdStrike (NASDAQ:CRWD – Get Free Report)’s stock had its “outperform” rating restated by analysts at BMO Capital Markets in a research note issued to investors on Thursday, Benzinga reports. They currently have a $167.00 price objective on the stock. BMO Capital Markets’ price target would indicate a potential upside of 4.21% from the stock’s previous close.
Several other analysts have also recently commented on CRWD. DA Davidson upped their target price on shares of CrowdStrike from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, August 31st. UBS Group increased their target price on CrowdStrike from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Needham & Company LLC upped their price target on CrowdStrike from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price target on shares of CrowdStrike from $170.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Robert W. Baird decreased their price objective on shares of CrowdStrike from $185.00 to $180.00 in a report on Thursday, June 1st. Five investment analysts have rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $190.00.
CrowdStrike Trading Down 2.2 %
NASDAQ:CRWD traded down $3.64 on Thursday, hitting $160.25. 3,955,037 shares of the stock were exchanged, compared to its average volume of 4,266,329. The stock has a market capitalization of $38.27 billion, a price-to-earnings ratio of -391.24, a P/E/G ratio of 15.74 and a beta of 0.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.82 and a current ratio of 1.82. CrowdStrike has a 52 week low of $92.25 and a 52 week high of $181.84. The company’s 50-day moving average price is $155.74 and its 200 day moving average price is $144.27.
Insider Activity at CrowdStrike
In other CrowdStrike news, Director Roxanne S. Austin sold 45,000 shares of the company’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $152.01, for a total value of $6,840,450.00. Following the transaction, the director now directly owns 62,656 shares in the company, valued at $9,524,338.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Roxanne S. Austin sold 45,000 shares of the stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $152.01, for a total transaction of $6,840,450.00. Following the transaction, the director now owns 62,656 shares in the company, valued at $9,524,338.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Roxanne S. Austin sold 5,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $151.50, for a total value of $757,500.00. Following the sale, the director now directly owns 112,656 shares of the company’s stock, valued at $17,067,384. The disclosure for this sale can be found here. In the last quarter, insiders have sold 248,000 shares of company stock worth $37,569,470. Company insiders own 5.68% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in CRWD. Bank Julius Baer & Co. Ltd Zurich grew its position in CrowdStrike by 93,217.7% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 22,988,825 shares of the company’s stock worth $3,376,369,000 after buying an additional 22,964,190 shares in the last quarter. BlackRock Inc. lifted its position in shares of CrowdStrike by 17.6% during the 2nd quarter. BlackRock Inc. now owns 16,070,200 shares of the company’s stock valued at $2,360,230,000 after acquiring an additional 2,401,659 shares during the period. Vanguard Group Inc. increased its position in shares of CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,547,900 shares of the company’s stock worth $2,849,377,000 after purchasing an additional 244,613 shares during the period. State Street Corp raised its stake in CrowdStrike by 1.6% in the second quarter. State Street Corp now owns 4,392,861 shares of the company’s stock valued at $645,179,000 after purchasing an additional 70,484 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in CrowdStrike by 62.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock valued at $396,019,000 after purchasing an additional 1,440,905 shares in the last quarter. 63.53% of the stock is owned by institutional investors.
About CrowdStrike
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.