Macquarie Reiterates “Outperform” Rating for CrowdStrike (NASDAQ:CRWD)

CrowdStrike (NASDAQ:CRWDGet Free Report)‘s stock had its “outperform” rating reaffirmed by investment analysts at Macquarie in a research note issued on Tuesday, Benzinga reports. They currently have a $370.00 price objective on the stock. Macquarie’s target price would suggest a potential upside of 13.19% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Oppenheimer raised their target price on shares of CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Wells Fargo & Company upped their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Jefferies Financial Group increased their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Raymond James initiated coverage on shares of CrowdStrike in a research report on Tuesday, January 30th. They set an “outperform” rating and a $330.00 price target for the company. Finally, HSBC raised their price objective on CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $373.29.

Read Our Latest Analysis on CRWD

CrowdStrike Price Performance

NASDAQ:CRWD opened at $326.87 on Tuesday. CrowdStrike has a 52-week low of $115.67 and a 52-week high of $365.00. The stock has a fifty day moving average of $309.77 and a 200 day moving average of $241.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market capitalization of $79.06 billion, a price-to-earnings ratio of 908.00, a P/E/G ratio of 13.07 and a beta of 1.06.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 60,000 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $283.69, for a total transaction of $17,021,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,020,194 shares in the company, valued at approximately $289,418,835.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO George Kurtz sold 60,000 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $283.69, for a total value of $17,021,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,020,194 shares of the company’s stock, valued at approximately $289,418,835.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Sentonas sold 22,123 shares of CrowdStrike stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $286.00, for a total transaction of $6,327,178.00. Following the transaction, the president now directly owns 311,872 shares in the company, valued at approximately $89,195,392. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,123 shares of company stock worth $26,950,528. 5.68% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently bought and sold shares of the business. Shepherd Financial Partners LLC increased its stake in CrowdStrike by 1.4% in the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after buying an additional 36 shares during the period. Cigna Investments Inc. New lifted its position in CrowdStrike by 1.7% during the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after buying an additional 38 shares during the period. Pier 88 Investment Partners LLC grew its holdings in CrowdStrike by 0.9% in the fourth quarter. Pier 88 Investment Partners LLC now owns 4,690 shares of the company’s stock valued at $1,197,000 after purchasing an additional 40 shares during the period. Fagan Associates Inc. increased its stake in CrowdStrike by 0.5% during the fourth quarter. Fagan Associates Inc. now owns 9,650 shares of the company’s stock worth $2,464,000 after acquiring an additional 45 shares during the last quarter. Finally, Quent Capital LLC raised its holdings in CrowdStrike by 48.5% in the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock valued at $38,000 after buying an additional 48 shares during the period. Institutional investors own 63.53% of the company’s stock.

About CrowdStrike

(Get Free Report)

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.

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Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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