CrowdStrike (NASDAQ:CRWD) Price Target Raised to $400.00 at Bank of America

CrowdStrike (NASDAQ:CRWD) had its target price hoisted by equities research analysts at Bank of America from $365.00 to $400.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 9.80% from the company’s current price.

Several other brokerages also recently commented on CRWD. Raymond James cut their target price on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Truist Financial lifted their price objective on CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. Stifel Nicolaus lifted their price target on shares of CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective on the stock. in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $346.43.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $364.30 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average price is $311.86 and its 200-day moving average price is $312.52. The stock has a market cap of $89.30 billion, a PE ratio of 527.97, a price-to-earnings-growth ratio of 26.33 and a beta of 1.10. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share 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 company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the business posted $0.06 EPS. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities analysts expect that CrowdStrike will post 0.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction that occurred 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 approximately $119,027,939.20. This trade represents a 2.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock worth $32,465,110 over the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds have recently bought and sold shares of CRWD. Quent Capital LLC lifted its position in shares of CrowdStrike by 59.9% during the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after buying an additional 88 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in shares of CrowdStrike in the 1st quarter worth approximately $218,000. Citizens Financial Group Inc. RI lifted its position in CrowdStrike by 6.0% during the first quarter. Citizens Financial Group Inc. RI now owns 831 shares of the company’s stock valued at $266,000 after acquiring an additional 47 shares during the last quarter. Virtu Financial LLC acquired a new stake in CrowdStrike in the first quarter valued at approximately $769,000. Finally, LRI Investments LLC purchased a new position in CrowdStrike in the first quarter worth $147,000. Hedge funds and other 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.