CrowdStrike (NASDAQ:CRWD) Price Target Raised to $380.00

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

A number of other equities research analysts have also recently issued reports on the stock. Wedbush set a $330.00 target price on shares of CrowdStrike in a report on Thursday, October 17th. The Goldman Sachs Group dropped their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. TD Cowen dropped their target price on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. DA Davidson reissued a “buy” rating and issued a $310.00 price target on shares of CrowdStrike in a report on Wednesday, September 18th. Finally, BNP Paribas initiated coverage on shares of CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.80.

CrowdStrike Trading Down 0.5 %

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

CrowdStrike (NASDAQ:CRWD) last issued its 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 for 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 quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. On average, equities analysts expect that CrowdStrike will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the firm’s 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 completion of the transaction, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the transaction, the president now directly owns 400,390 shares of the company’s stock, valued at $119,027,939.20. The trade was a 2.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 over the last quarter. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently modified their holdings of the business. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike during the second quarter valued at $25,000. Family Firm Inc. purchased a new position in CrowdStrike in the 2nd quarter worth approximately $30,000. Itau Unibanco Holding S.A. purchased a new position in CrowdStrike in the 2nd quarter worth approximately $33,000. Unique Wealth Strategies LLC purchased a new position in CrowdStrike in the 2nd quarter worth approximately $36,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of CrowdStrike during the 2nd quarter valued at $38,000. Institutional investors own 71.16% of the company’s stock.

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.