CrowdStrike (NASDAQ:CRWD) Raised to Buy at Jefferies Financial Group
Posted by ABMN Staff on Jan 11th, 2021
CrowdStrike logoCrowdStrike (NASDAQ:CRWD) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued on Monday, AnalystRatings.net reports. The firm presently has a $275.00 target price on the stock, up from their prior target price of $160.00. Jefferies Financial Group’s price objective suggests a potential upside of 25.24% from the company’s current price.
Other analysts also recently issued reports about the company. Oppenheimer lifted their price target on CrowdStrike from $164.00 to $190.00 in a report on Thursday, December 3rd. Barclays lifted their price target on CrowdStrike from $193.00 to $221.00 and gave the stock an “overweight” rating in a report on Wednesday, January 6th. JMP Securities lifted their price target on CrowdStrike from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 3rd. Credit Suisse Group lifted their price target on CrowdStrike from $125.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, December 4th. Finally, Piper Sandler lifted their price target on CrowdStrike from $180.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, January 5th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $182.96.
NASDAQ:CRWD opened at $219.58 on Monday. The firm has a market cap of $48.59 billion, a PE ratio of -466.09 and a beta of 1.32. The stock has a fifty day moving average price of $182.89 and a 200 day moving average price of $137.31. CrowdStrike has a 12-month low of $31.95 and a 12-month high of $228.82.
CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, December 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.23. The firm had revenue of $232.50 million during the quarter, compared to analyst estimates of $214.36 million. CrowdStrike had a negative return on equity of 12.79% and a negative net margin of 13.40%. CrowdStrike’s revenue was up 85.9% compared to the same quarter last year. During the same period last year, the business posted ($0.07) earnings per share. Equities analysts anticipate that CrowdStrike will post -0.37 earnings per share for the current fiscal year.
In related news, CEO George Kurtz sold 24,951 shares of the business’s stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $152.50, for a total value of $3,805,027.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $133.89, for a total value of $4,016,700.00. The disclosure for this sale can be found here. Insiders sold a total of 1,128,070 shares of company stock worth $201,840,006 in the last 90 days. 11.32% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in CrowdStrike by 67.6% during the 3rd quarter. BlackRock Inc. now owns 9,136,950 shares of the company’s stock worth $1,254,685,000 after purchasing an additional 3,685,952 shares during the period. State Street Corp increased its position in CrowdStrike by 41.1% during the 3rd quarter. State Street Corp now owns 2,834,562 shares of the company’s stock worth $389,242,000 after purchasing an additional 825,093 shares during the period. First Trust Advisors LP increased its position in CrowdStrike by 12.9% during the 3rd quarter. First Trust Advisors LP now owns 2,013,711 shares of the company’s stock worth $276,523,000 after purchasing an additional 230,491 shares during the period. FMR LLC increased its position in CrowdStrike by 6.4% during the 2nd quarter. FMR LLC now owns 1,307,235 shares of the company’s stock worth $131,102,000 after purchasing an additional 78,251 shares during the period. Finally, Charles Lim Capital Ltd increased its position in CrowdStrike by 14.4% during the 3rd quarter. Charles Lim Capital Ltd now owns 1,188,292 shares of the company’s stock worth $163,176,000 after purchasing an additional 149,405 shares during the period. Institutional investors own 60.00% of the company’s stock.
