A number of other equities analysts have also recently issued reports on CRWD. Cowen cut their target price on CrowdStrike to $220.00 in a report on Friday, June 3rd. Needham & Company LLC raised their price objective on CrowdStrike from $210.00 to $225.00 and gave the company a buy rating in a research note on Wednesday, August 31st. Guggenheim assumed coverage on CrowdStrike in a research note on Friday, August 12th. They set a buy rating and a $270.00 price objective on the stock. Morgan Stanley raised their price objective on CrowdStrike from $215.00 to $217.00 and gave the company an overweight rating in a research note on Wednesday, August 31st. Finally, Jefferies Financial Group restated a buy rating and set a $215.00 price objective on shares of CrowdStrike in a research note on Tuesday, August 30th. One analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, CrowdStrike currently has an average rating of Moderate Buy and an average price target of $241.22.
CrowdStrike Price Performance
Shares of CRWD opened at $171.15 on Tuesday. CrowdStrike has a 12-month low of $130.00 and a 12-month high of $298.48. The business’s fifty day moving average is $186.28 and its 200 day moving average is $186.10. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.60. The stock has a market cap of $39.72 billion, a P/E ratio of -228.20 and a beta of 1.27.
Insider Buying and Selling
In related news, insider Shawn Henry sold 8,713 shares of CrowdStrike stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $165.03, for a total value of $1,437,906.39. Following the completion of the sale, the insider now owns 185,584 shares of the company’s stock, valued at approximately $30,626,927.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 71,528 shares of CrowdStrike stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $165.35, for a total transaction of $11,827,154.80. Following the completion of the transaction, the chief executive officer now owns 958,309 shares of the company’s stock, valued at approximately $158,456,393.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 8,713 shares of CrowdStrike stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $165.03, for a total value of $1,437,906.39. Following the transaction, the insider now directly owns 185,584 shares of the company’s stock, valued at approximately $30,626,927.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,782 shares of company stock valued at $17,581,741. 6.82% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Psagot Value Holdings Ltd. Israel purchased a new position in CrowdStrike during the 4th quarter valued at about $27,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of CrowdStrike by 440.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 135 shares of the company’s stock valued at $28,000 after acquiring an additional 110 shares during the last quarter. Bank of New Hampshire bought a new stake in shares of CrowdStrike during the 1st quarter valued at about $30,000. Core Alternative Capital boosted its position in shares of CrowdStrike by 2,233.3% during the 1st quarter. Core Alternative Capital now owns 140 shares of the company’s stock valued at $32,000 after acquiring an additional 134 shares during the last quarter. Finally, Proffitt & Goodson Inc. bought a new stake in shares of CrowdStrike during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 67.43% of the company’s stock.
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.
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