CrowdStrike (NASDAQ:CRWD) Price Target Raised to $200.00

CrowdStrike (NASDAQ:CRWD) had its price objective upped by equities researchers at Citigroup from $175.00 to $200.00 in a research note issued on Tuesday, FlyOnTheWall reports. Citigroup’s price target indicates a potential upside of 19.78% from the company’s current price.

Several other equities analysts have also weighed in on CRWD. Morgan Stanley lowered shares of CrowdStrike from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $178.00 to $167.00 in a research report on Monday, August 28th. Stephens reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of CrowdStrike in a research note on Thursday, August 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 target price on shares of CrowdStrike in a research report on Thursday, August 31st. Canaccord Genuity Group boosted their price target on CrowdStrike from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Finally, HSBC assumed coverage on CrowdStrike in a research note on Friday. They issued a “buy” rating and a $200.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and thirty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $184.40.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $166.97 on Tuesday. CrowdStrike has a fifty-two week low of $92.25 and a fifty-two week high of $181.84. The stock’s 50-day moving average is $154.75 and its two-hundred day moving average is $143.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a market cap of $39.87 billion, a P/E ratio of -407.24, a PEG ratio of 16.66 and a beta of 0.96.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 815 shares of CrowdStrike stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 31,852 shares in the company, valued at $4,793,088.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 59,465 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $144.26, for a total transaction of $8,578,420.90. Following the sale, the chief executive officer now owns 1,119,971 shares of the company’s stock, valued at approximately $161,567,016.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 815 shares of the business’s stock in a transaction dated 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 directly owns 31,852 shares of the company’s stock, valued at $4,793,088.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 342,479 shares of company stock valued at $51,344,648. 5.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Transcend Capital Advisors LLC bought a new position in CrowdStrike in the first quarter valued at about $255,000. Nordea Investment Management AB boosted its stake in shares of CrowdStrike by 0.8% in the 2nd quarter. Nordea Investment Management AB now owns 456,925 shares of the company’s stock valued at $67,241,000 after purchasing an additional 3,486 shares during the last quarter. Maryland State Retirement & Pension System grew its position in shares of CrowdStrike by 5.3% during the 1st quarter. Maryland State Retirement & Pension System now owns 17,037 shares of the company’s stock worth $2,338,000 after buying an additional 851 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of CrowdStrike by 7.0% during the first quarter. Janney Montgomery Scott LLC now owns 54,043 shares of the company’s stock worth $7,418,000 after buying an additional 3,513 shares during the last quarter. Finally, M&R Capital Management Inc. acquired a new position in CrowdStrike in the second quarter valued at approximately $870,000. Institutional investors own 63.53% of the company’s stock.

CrowdStrike Company Profile

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.