CrowdStrike (NASDAQ:CRWD) Price Target Raised to $153.00 at Stifel Nicolaus

CrowdStrike (NASDAQ:CRWD) had its price objective boosted by Stifel Nicolaus from $128.00 to $153.00 in a research report report published on Thursday, Marketbeat reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other brokerages have also weighed in on CRWD. Needham & Company LLC reiterated a buy rating and set a $170.00 target price on shares of CrowdStrike in a research report on Tuesday. BMO Capital Markets lifted their price objective on CrowdStrike from $153.00 to $165.00 in a report on Thursday, June 1st. Rosenblatt Securities reissued a buy rating and issued a $175.00 target price on shares of CrowdStrike in a report on Friday, August 25th. Guggenheim reaffirmed a buy rating and issued a $162.00 price target on shares of CrowdStrike in a research note on Wednesday, August 23rd. Finally, Wedbush lifted their price objective on CrowdStrike from $145.00 to $170.00 in a report on Wednesday, May 31st. Six equities research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. According to data from MarketBeat.com, CrowdStrike has an average rating of Moderate Buy and an average price target of $182.95.

CrowdStrike Price Performance

Shares of CRWD stock opened at $163.03 on Thursday. CrowdStrike has a 12 month low of $92.25 and a 12 month high of $198.14. The company has a market capitalization of $38.66 billion, a P/E ratio of -250.82, a P/E/G ratio of 41.55 and a beta of 0.96. The stock has a 50 day moving average of $149.85 and a two-hundred day moving average of $139.36. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.45.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, May 31st. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.13. The firm had revenue of $692.58 million for the quarter, compared to the consensus estimate of $677.30 million. CrowdStrike had a negative net margin of 6.18% and a negative return on equity of 8.76%. As a group, equities analysts expect that CrowdStrike will post 0.12 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 815 shares of CrowdStrike stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $150.48, for a total transaction of $122,641.20. Following the transaction, the chief accounting officer now owns 31,852 shares in the company, valued at approximately $4,793,088.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 815 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total transaction of $122,641.20. Following the sale, the chief accounting officer now directly owns 31,852 shares in the company, valued at approximately $4,793,088.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Burt W. Podbere sold 14,430 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $145.48, for a total transaction of $2,099,276.40. Following the sale, the chief financial officer now directly owns 380,800 shares of the company’s stock, valued at approximately $55,398,784. The disclosure for this sale can be found here. Insiders sold 342,479 shares of company stock worth $51,344,648 over the last ninety days. 5.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of CrowdStrike during the 2nd quarter worth approximately $1,177,000. Blue Bell Private Wealth Management LLC boosted its holdings in CrowdStrike by 173.1% during the second quarter. Blue Bell Private Wealth Management LLC now owns 213 shares of the company’s stock worth $31,000 after purchasing an additional 135 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in CrowdStrike in the fourth quarter valued at $25,000. Coppell Advisory Solutions LLC acquired a new position in shares of CrowdStrike during the 2nd quarter worth about $36,000. Finally, WealthPLAN Partners LLC bought a new position in shares of CrowdStrike in the 1st quarter valued at about $38,000. 63.53% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Company Profile

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.