CrowdStrike (NASDAQ:CRWD) Price Target Raised to $240.00 at KeyCorp

CrowdStrike (NASDAQ:CRWD) had its price target upped by research analysts at KeyCorp from $200.00 to $240.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 15.53% from the company’s previous close.

CRWD has been the subject of several other research reports. Macquarie boosted their price objective on CrowdStrike from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, September 21st. BMO Capital Markets reissued an “outperform” rating and issued a $167.00 price target on shares of CrowdStrike in a report on Thursday, September 21st. Rosenblatt Securities increased their target price on shares of CrowdStrike from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, September 21st. Stephens reiterated an “overweight” rating and issued a $200.00 price objective on shares of CrowdStrike in a research report on Thursday, August 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of CrowdStrike from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. Three equities research analysts have rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.10.

CrowdStrike Stock Up 0.3 %

Shares of NASDAQ CRWD opened at $207.73 on Tuesday. The stock has a market capitalization of $49.60 billion, a P/E ratio of -506.66, a PEG ratio of 17.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.82 and a quick ratio of 1.82. CrowdStrike has a one year low of $92.25 and a one year high of $210.09. The firm’s 50 day simple moving average is $179.55 and its two-hundred day simple moving average is $160.27.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 30th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. CrowdStrike had a negative net margin of 3.54% and a negative return on equity of 4.05%. The company had revenue of $731.63 million for the quarter, compared to analysts’ expectations of $725.44 million. As a group, analysts expect that CrowdStrike will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 926 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $167.98, for a total transaction of $155,549.48. Following the sale, the chief accounting officer now owns 38,554 shares in the company, valued at approximately $6,476,300.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Anurag Saha sold 926 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $167.98, for a total transaction of $155,549.48. Following the completion of the sale, the chief accounting officer now owns 38,554 shares in the company, valued at $6,476,300.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $200.06, for a total value of $3,000,900.00. Following the sale, the director now directly owns 852,949 shares in the company, valued at approximately $170,640,976.94. The disclosure for this sale can be found here. Insiders sold a total of 151,083 shares of company stock worth $26,680,472 over the last quarter. 5.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently added to or reduced their stakes in CRWD. Bank Julius Baer & Co. Ltd Zurich increased its position 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 valued at $3,376,369,000 after acquiring an additional 22,964,190 shares during the last quarter. BlackRock Inc. raised its position in CrowdStrike by 17.6% in 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. Vanguard Group Inc. lifted its stake in CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,547,900 shares of the company’s stock worth $2,849,377,000 after purchasing an additional 244,613 shares during the last quarter. Morgan Stanley boosted its position in shares of CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after buying an additional 2,757,251 shares during the period. Finally, State Street Corp grew its stake in shares of CrowdStrike by 1.6% during the second quarter. State Street Corp now owns 4,392,861 shares of the company’s stock valued at $645,179,000 after buying an additional 70,484 shares during the last quarter. 63.53% of the stock is 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.