CrowdStrike (NASDAQ:CRWD) PT Raised to $186.00

CrowdStrike (NASDAQ:CRWD) had its target price lifted by equities research analysts at Barclays from $173.00 to $186.00 in a research note issued to investors on Wednesday, FlyOnTheWall reports. Barclays‘s target price suggests a potential upside of 9.35% from the company’s previous close.

Several other analysts have also recently commented on the stock. Needham & Company LLC increased their price target on shares of CrowdStrike from $170.00 to $200.00 in a research note on Thursday, August 31st. Stifel Nicolaus increased their price objective on CrowdStrike from $128.00 to $153.00 and gave the company a “hold” rating in a research report on Thursday, August 31st. Rosenblatt Securities boosted their target price on CrowdStrike from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, August 31st. BMO Capital Markets raised their price target on CrowdStrike from $165.00 to $167.00 and gave the company an “outperform” rating in a report on Thursday, August 31st. Finally, JPMorgan Chase & Co. boosted their price objective on CrowdStrike from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, August 31st. Five research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $182.85.

CrowdStrike Price Performance

CRWD stock traded up $0.42 during midday trading on Wednesday, reaching $170.10. 572,547 shares of the company’s stock traded hands, compared to its average volume of 4,301,361. The company has a quick ratio of 1.78, a current ratio of 1.82 and a debt-to-equity ratio of 0.40. The company has a market cap of $40.33 billion, a price-to-earnings ratio of -414.00, a PEG ratio of 16.77 and a beta of 0.96. The company has a 50-day simple moving average of $153.31 and a two-hundred day simple moving average of $142.54. CrowdStrike has a 1-year low of $92.25 and a 1-year high of $185.49.

Insider Activity at CrowdStrike

In other CrowdStrike 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 completion of the transaction, the chief accounting officer now owns 31,852 shares of the company’s stock, valued at approximately $4,793,088.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 815 shares of CrowdStrike stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Roxanne S. Austin sold 20,000 shares of the stock in a transaction dated 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 transaction, the director now owns 37,656 shares of the company’s stock, valued at $5,811,073.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 342,479 shares of company stock valued at $51,344,648. 5.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Coppell Advisory Solutions Corp. acquired a new position in shares of CrowdStrike during the 4th quarter worth about $25,000. Blue Bell Private Wealth Management LLC increased 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 last quarter. Freedom Wealth Alliance LLC bought a new stake in CrowdStrike in the fourth quarter valued at approximately $32,000. Coppell Advisory Solutions LLC bought a new stake in CrowdStrike in the second quarter valued at approximately $36,000. Finally, WealthPLAN Partners LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at approximately $38,000. 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.