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

CrowdStrike (NASDAQ:CRWD) had its price objective upped by stock analysts at BMO Capital Markets from $290.00 to $315.00 in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 13.60% from the company’s previous close.

CRWD has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lowered their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. The Goldman Sachs Group lowered their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Wedbush restated an “outperform” rating and set a $315.00 price objective on shares of CrowdStrike in a research report on Friday, August 9th. Jefferies Financial Group dropped their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Evercore ISI reduced their target price on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $326.15.

CrowdStrike Price Performance

Shares of CRWD opened at $277.28 on Thursday. CrowdStrike has a one year low of $145.38 and a one year high of $398.33. The stock’s fifty day moving average is $303.94 and its 200-day moving average is $318.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market capitalization of $67.48 billion, a price-to-earnings ratio of 522.13, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. Equities analysts anticipate that CrowdStrike will post 0.87 EPS for the current year.

Insider Activity

In related news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,219 shares of company stock valued at $48,856,294. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the second quarter worth $25,000. Hexagon Capital Partners LLC bought a new position in shares of CrowdStrike during the 4th quarter worth about $26,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike in the first quarter valued at about $30,000. Family Firm Inc. acquired a new stake in CrowdStrike during the second quarter worth about $30,000. Finally, Johnson Financial Group Inc. bought a new position in CrowdStrike during the fourth quarter valued at about $31,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

About CrowdStrike

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.