CrowdStrike (NASDAQ:CRWD) Price Target Raised to $380.00 at BMO Capital Markets

CrowdStrike (NASDAQ:CRWD) had its price target lifted by BMO Capital Markets from $315.00 to $380.00 in a research note released on Wednesday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on CRWD. Morgan Stanley lifted their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Citigroup decreased their target price on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Piper Sandler reiterated an “overweight” rating and issued a $290.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $330.00 price target on shares of CrowdStrike in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $355.80.

CrowdStrike Trading Down 0.5 %

Shares of NASDAQ CRWD opened at $345.97 on Wednesday. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $398.33. The stock has a market cap of $84.81 billion, a P/E ratio of 678.39, a price-to-earnings-growth ratio of 25.16 and a beta of 1.10. The firm has a 50-day moving average of $315.80 and a 200 day moving average of $313.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. As a group, sell-side analysts expect that CrowdStrike will post 0.49 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now directly owns 120,298 shares in the company, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the business. Arlington Financial Advisors LLC increased its position in CrowdStrike by 1.5% during the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after acquiring an additional 30 shares during the last quarter. Synergy Financial Group LTD increased its position in CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after acquiring an additional 30 shares during the last quarter. Sunpointe LLC increased its position in CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after acquiring an additional 34 shares during the last quarter. Hilltop Holdings Inc. increased its position in CrowdStrike by 1.8% during the third quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after acquiring an additional 34 shares during the last quarter. Finally, Means Investment CO. Inc. increased its position in CrowdStrike by 1.8% during the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.