CrowdStrike (NASDAQ:CRWD) Given New $405.00 Price Target at BMO Capital Markets

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by BMO Capital Markets from $380.00 to $405.00 in a research note published on Wednesday morning, MarketBeat.com reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other research firms have also issued reports on CRWD. Barclays lifted their price target on CrowdStrike from $372.00 to $506.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $420.00 price target on shares of CrowdStrike in a research report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $450.00 price target on shares of CrowdStrike in a research report on Wednesday. Robert W. Baird lowered their price target on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, UBS Group lifted their price target on CrowdStrike from $396.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $400.10.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $365.44 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $90.01 billion, a P/E ratio of 716.56, a P/E/G ratio of 17.86 and a beta of 1.19. The business has a fifty day simple moving average of $387.84 and a two-hundred day simple moving average of $338.02. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $455.59.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the transaction, the insider now directly owns 115,798 shares in the company, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,315 shares of company stock worth $38,387,254. 4.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CRWD. Norges Bank purchased a new position in CrowdStrike in the 4th quarter worth approximately $1,111,542,000. Pathstone Holdings LLC lifted its holdings in CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock worth $440,116,000 after purchasing an additional 1,017,678 shares in the last quarter. Jennison Associates LLC lifted its holdings in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after acquiring an additional 712,900 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $237,375,000. 71.16% of the stock is owned by hedge funds and other 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.