CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $410.00 at BMO Capital Markets

CrowdStrike (NASDAQ:CRWDGet Free Report) had its price target lowered by BMO Capital Markets from $425.00 to $410.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 20.41% from the company’s previous close.

Other analysts have also issued reports about the stock. Susquehanna increased their price objective on shares of CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. Stifel Nicolaus increased their price objective on shares of CrowdStrike from $315.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $420.00 price target on shares of CrowdStrike in a research note on Wednesday. UBS Group lifted their price target on shares of CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Citigroup lifted their price objective on shares of CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $375.61.

Read Our Latest Research Report on CrowdStrike

CrowdStrike Stock Down 0.5 %

Shares of NASDAQ CRWD opened at $340.49 on Wednesday. The firm’s 50-day moving average price is $318.06 and its 200-day moving average price is $296.18. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $82.35 billion, a price-to-earnings ratio of 642.45, a P/E/G ratio of 12.22 and a beta of 1.08. CrowdStrike has a 12-month low of $139.37 and a 12-month high of $365.00.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The firm had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.81%. On average, equities research analysts anticipate that CrowdStrike will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Burt W. Podbere sold 5,424 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $349.01, for a total transaction of $1,893,030.24. Following the sale, the chief financial officer now directly owns 308,593 shares of the company’s stock, valued at $107,702,042.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the sale, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 5,424 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $349.01, for a total value of $1,893,030.24. Following the completion of the sale, the chief financial officer now directly owns 308,593 shares in the company, valued at $107,702,042.93. The disclosure for this sale can be found here. Insiders have sold a total of 317,000 shares of company stock valued at $101,229,160 over the last ninety days. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Institutional investors have recently bought and sold shares of the business. CVA Family Office LLC acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $26,000. Hexagon Capital Partners LLC purchased a new position in shares of CrowdStrike in the fourth quarter valued at approximately $26,000. Silver Oak Securities Incorporated purchased a new position in shares of CrowdStrike in the third quarter valued at approximately $27,000. Bear Mountain Capital Inc. purchased a new position in shares of CrowdStrike in the fourth quarter valued at approximately $27,000. Finally, Trivant Custom Portfolio Group LLC purchased a new position in shares of CrowdStrike in the first quarter valued at approximately $30,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Company Profile

(Get Free Report)

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.

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