CrowdStrike (NASDAQ:CRWD) Receives “Outperform” Rating from Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of CrowdStrike (NASDAQ:CRWD) in a report published on Thursday, Benzinga reports. The firm currently has a $175.00 price target on the stock.

CRWD has been the subject of a number of other research reports. JMP Securities reaffirmed a market outperform rating and issued a $235.00 price objective on shares of CrowdStrike in a report on Thursday. Cantor Fitzgerald restated an overweight rating and issued a $180.00 price target on shares of CrowdStrike in a research note on Thursday. Mizuho lifted their price target on shares of CrowdStrike from $175.00 to $180.00 in a research note on Thursday, June 15th. Needham & Company LLC lifted their target price on shares of CrowdStrike from $170.00 to $200.00 in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their price target on shares of CrowdStrike from $165.00 to $170.00 in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of Moderate Buy and a consensus price target of $182.95.

CrowdStrike Trading Up 9.3 %

Shares of CrowdStrike stock opened at $163.03 on Thursday. CrowdStrike has a 1 year low of $92.25 and a 1 year high of $198.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a market cap of $38.66 billion, a PE ratio of -250.82, a price-to-earnings-growth ratio of 41.55 and a beta of 0.96. The firm has a fifty day moving average price of $149.85 and a 200 day moving average price of $139.36.

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

Insider Transactions at CrowdStrike

In other news, Director Roxanne S. Austin sold 20,000 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $154.32, for a total transaction of $3,086,400.00. Following the transaction, the director now directly owns 37,656 shares in the company, valued at $5,811,073.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other CrowdStrike news, Director Roxanne S. Austin sold 20,000 shares of CrowdStrike stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $154.32, for a total value of $3,086,400.00. Following the sale, the director now owns 37,656 shares of the company’s stock, valued at approximately $5,811,073.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 815 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $150.48, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 342,479 shares of company stock worth $51,344,648. Company insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors have recently made changes to their positions in CRWD. Financial Gravity Asset Management Inc. purchased a new position in shares of CrowdStrike in the 2nd quarter valued at about $1,177,000. Blue Bell Private Wealth Management LLC grew its position 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 buying an additional 135 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in CrowdStrike in the fourth quarter valued at about $25,000. Coppell Advisory Solutions LLC acquired a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $36,000. Finally, WealthPLAN Partners LLC purchased a new position in CrowdStrike in the 1st quarter valued at approximately $38,000. 63.53% of the stock is currently owned by hedge funds and other 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.