CrowdStrike (NASDAQ:CRWD) Given New $380.00 Price Target at BMO Capital Markets

CrowdStrike (NASDAQ:CRWD) had its price objective increased by stock analysts at BMO Capital Markets from $315.00 to $380.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 4.31% from the company’s current price.

CRWD has been the subject of several other reports. Oppenheimer lowered their price objective on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Truist Financial raised their price objective on CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Evercore ISI upped their target price on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $330.00 price target on shares of CrowdStrike in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $348.05.

CrowdStrike Stock Up 0.2 %

CRWD stock opened at $364.30 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The stock’s 50 day simple moving average is $311.86 and its 200 day simple moving average is $312.52. The company has a market cap of $89.30 billion, a P/E ratio of 527.97, a price-to-earnings-growth ratio of 26.33 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the firm posted $0.06 EPS. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. On average, research analysts expect that CrowdStrike will post 0.49 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock valued at $32,465,110 in the last quarter. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quent Capital LLC boosted its position in CrowdStrike by 59.9% during the 1st quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after buying an additional 88 shares during the period. Silvercrest Asset Management Group LLC bought a new position in shares of CrowdStrike during the first quarter valued at about $218,000. Citizens Financial Group Inc. RI boosted its holdings in shares of CrowdStrike by 6.0% during the first quarter. Citizens Financial Group Inc. RI now owns 831 shares of the company’s stock worth $266,000 after purchasing an additional 47 shares during the period. Virtu Financial LLC purchased a new stake in shares of CrowdStrike during the first quarter worth about $769,000. Finally, LRI Investments LLC bought a new stake in shares of CrowdStrike in the first quarter worth about $147,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.