JPMorgan Chase & Co. Increases CrowdStrike (NASDAQ:CRWD) Price Target to $210.00

CrowdStrike (NASDAQ:CRWD) had its price objective increased by analysts at JPMorgan Chase & Co. from $190.00 to $210.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 2.80% from the company’s current price.

A number of other analysts have also recently weighed in on CRWD. Scotiabank upped their target price on shares of CrowdStrike from $174.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, September 22nd. Jefferies Financial Group raised shares of CrowdStrike from a “hold” rating to a “buy” rating and upped their target price for the company from $170.00 to $225.00 in a research note on Thursday, October 19th. UBS Group upped their target price on shares of 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 boosted their price target on shares of CrowdStrike from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 21st. Finally, HSBC assumed coverage on shares of CrowdStrike in a research report on Friday, September 15th. They issued a “buy” rating and a $200.00 price target on the stock. Three research analysts have rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $193.77.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $204.29 on Tuesday. The firm’s 50-day moving average is $177.31 and its 200-day moving average is $158.11. CrowdStrike has a 52-week low of $92.25 and a 52-week high of $210.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market cap of $48.78 billion, a price-to-earnings ratio of -498.27, a PEG ratio of 17.47 and a beta of 0.93.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 30th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $731.63 million for the quarter, compared to analysts’ expectations of $725.44 million. CrowdStrike had a negative net margin of 3.54% and a negative return on equity of 4.05%. Equities research analysts anticipate that CrowdStrike will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 56,921 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $162.95, for a total value of $9,275,276.95. Following the completion of the sale, the chief executive officer now owns 1,100,089 shares in the company, valued at $179,259,502.55. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, President Michael Sentonas sold 10,321 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $167.98, for a total value of $1,733,721.58. Following the completion of the sale, the president now owns 370,968 shares in the company, valued at $62,315,204.64. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 56,921 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $162.95, for a total transaction of $9,275,276.95. Following the completion of the sale, the chief executive officer now owns 1,100,089 shares of the company’s stock, valued at approximately $179,259,502.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 151,083 shares of company stock worth $26,680,472. 5.68% of the stock is owned by insiders.

Institutional Trading of CrowdStrike

A number of large investors have recently added to or reduced their stakes in CRWD. Morgan Stanley lifted its stake in shares of CrowdStrike by 124.4% during the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after buying an additional 2,757,251 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of CrowdStrike by 65.4% during the 3rd quarter. Penserra Capital Management LLC now owns 23,665 shares of the company’s stock worth $3,960,000 after buying an additional 9,360 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of CrowdStrike by 5.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,601 shares of the company’s stock worth $2,611,000 after buying an additional 742 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of CrowdStrike by 11.1% during the 3rd quarter. Townsquare Capital LLC now owns 9,911 shares of the company’s stock worth $1,659,000 after buying an additional 990 shares during the last quarter. Finally, Toroso Investments LLC lifted its stake in shares of CrowdStrike by 2.7% during the 3rd quarter. Toroso Investments LLC now owns 21,919 shares of the company’s stock worth $3,669,000 after buying an additional 566 shares during the last quarter. Institutional investors and hedge funds own 63.53% of the company’s stock.

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.