CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

CrowdStrike (NASDAQ:CRWD) had its price objective boosted by equities research analysts at BMO Capital Markets from $315.00 to $380.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 4.31% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Scotiabank lowered their target price on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. Sanford C. Bernstein reduced their target price on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Citigroup lowered their price target on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, Stifel Nicolaus upped their price objective on shares of CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $348.05.

CrowdStrike Stock Up 0.2 %

Shares of NASDAQ CRWD opened at $364.30 on Wednesday. The firm has a fifty day simple moving average of $311.86 and a two-hundred day simple moving average of $312.52. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $398.33. 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 firm has a market capitalization 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 (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. Equities analysts expect that CrowdStrike will post 0.49 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors have recently bought and sold shares of the business. State Street Corp lifted its stake in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC raised its holdings in CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares during the period. Geode Capital Management LLC lifted its position in CrowdStrike by 2.0% in the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after buying an additional 97,990 shares during the last quarter. Legal & General Group Plc boosted its stake in CrowdStrike by 3.0% during the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after buying an additional 60,607 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after buying an additional 77,100 shares during the period. 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.