CrowdStrike’s (CRWD) Market Outperform Rating Reaffirmed at JMP Securities

JMP Securities reissued their market outperform rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note published on Thursday morning, Benzinga reports. They currently have a $235.00 price objective on the stock.

CRWD has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price target on CrowdStrike from $165.00 to $170.00 in a research note on Thursday. BTIG Research boosted their target price on shares of CrowdStrike from $188.00 to $192.00 and gave the company a buy rating in a report on Thursday. The Goldman Sachs Group upped their price target on shares of CrowdStrike from $159.00 to $167.00 in a research report on Thursday, June 1st. Morgan Stanley lowered shares of CrowdStrike from an overweight rating to an equal weight rating and decreased their price target for the company from $178.00 to $167.00 in a report on Monday. Finally, Stifel Nicolaus upped their price objective on CrowdStrike from $128.00 to $153.00 and gave the stock a hold rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has an average rating of Moderate Buy and a consensus price target of $182.95.

CrowdStrike Stock Up 9.3 %

Shares of NASDAQ CRWD opened at $163.03 on Thursday. The firm has a market cap of $38.66 billion, a P/E ratio of -250.82, a price-to-earnings-growth ratio of 41.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.78 and a current ratio of 1.78. CrowdStrike has a 1 year low of $92.25 and a 1 year high of $198.14. The firm’s 50 day moving average price is $149.85 and its 200 day moving average price is $139.36.

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

Insider Transactions at CrowdStrike

In related news, Director Roxanne S. Austin sold 20,000 shares of CrowdStrike stock in a transaction dated 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 completion of the transaction, the director now directly owns 37,656 shares in the company, valued at $5,811,073.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Anurag Saha sold 815 shares of the company’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 transaction of $122,641.20. Following the sale, the chief accounting officer now directly owns 31,852 shares of the company’s stock, valued at approximately $4,793,088.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Roxanne S. Austin sold 20,000 shares of CrowdStrike stock in a transaction on Monday, July 17th. The stock was sold at an average price of $154.32, for a total transaction of $3,086,400.00. Following the completion of the transaction, the director now directly owns 37,656 shares of the company’s stock, valued at approximately $5,811,073.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 342,479 shares of company stock valued at $51,344,648. Insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CRWD. Bank Julius Baer & Co. Ltd Zurich raised its stake 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 acquiring an additional 22,964,190 shares during the period. Alliancebernstein L.P. grew its holdings in shares of CrowdStrike by 1,593.7% during the second quarter. Alliancebernstein L.P. now owns 2,643,904 shares of the company’s stock valued at $388,310,000 after purchasing an additional 2,487,806 shares during the last quarter. BlackRock Inc. raised 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 worth $2,360,230,000 after purchasing an additional 2,401,659 shares during the period. Norges Bank bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $244,740,000. Finally, T. Rowe Price Investment Management Inc. boosted its position in CrowdStrike by 62.1% during the 4th 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 during the period. 63.53% of the stock is currently 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.