BMO Capital Markets Increases CrowdStrike (NASDAQ:CRWD) Price Target to $315.00

CrowdStrike (NASDAQ:CRWD) had its target price lifted by BMO Capital Markets from $290.00 to $315.00 in a research note published on Thursday morning, Marketbeat reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities analysts have also recently commented on the stock. JMP Securities reissued a market outperform rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Tuesday, May 14th. HSBC cut CrowdStrike from a buy rating to a hold rating and reduced their price objective for the stock from $388.00 to $302.00 in a research note on Tuesday, July 23rd. The Goldman Sachs Group lowered their price objective on CrowdStrike from $400.00 to $295.00 and set a buy rating for the company in a research note on Thursday, August 15th. Robert W. Baird dropped their target price on CrowdStrike from $350.00 to $335.00 and set an outperform rating for the company in a report on Tuesday, July 23rd. Finally, Truist Financial restated a buy rating and set a $325.00 price target on shares of CrowdStrike in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $329.47.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $277.28 on Thursday. The company has a market capitalization of $67.48 billion, a P/E ratio of 523.18, a P/E/G ratio of 13.44 and a beta of 1.10. The business’s 50-day moving average is $301.88 and its 200 day moving average is $318.17. The company has a current ratio of 1.90, a quick ratio of 1.80 and a debt-to-equity ratio of 0.26. CrowdStrike has a 12 month low of $145.38 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the firm earned $0.06 EPS. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities research analysts forecast that CrowdStrike will post 0.81 earnings per share for the current fiscal year.

Insider Activity

In other news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the transaction, the president now directly owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the completion of the sale, the insider now directly owns 200,672 shares in the company, valued at approximately $76,843,328.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 10,735 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $4,086,063.05. Following the sale, the president now directly owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,219 shares of company stock worth $48,856,294. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently made changes to their positions in the company. NCP Inc. acquired a new stake in CrowdStrike in the second quarter valued at approximately $115,000. Gordian Capital Singapore Pte Ltd lifted its position in shares of CrowdStrike by 15.8% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 586 shares of the company’s stock valued at $225,000 after buying an additional 80 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in CrowdStrike in the 2nd quarter valued at $38,000. New Wave Wealth Advisors LLC purchased a new stake in CrowdStrike in the 2nd quarter worth $325,000. Finally, Granite Bay Wealth Management LLC acquired a new position in CrowdStrike during the second quarter worth $5,045,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.