CrowdStrike (NASDAQ:CRWD) Price Target Raised to $500.00

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price target hoisted by BMO Capital Markets from $405.00 to $500.00 in a research report issued on Wednesday, Marketbeat.com reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price objective would suggest a potential upside of 8.01% from the company's previous close.

Several other equities analysts have also issued reports on the stock. Piper Sandler set a $347.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. DA Davidson increased their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Mizuho downgraded CrowdStrike from an "outperform" rating to a "neutral" rating and set a $425.00 price objective for the company. in a report on Thursday, May 15th. Jefferies Financial Group reissued a "buy" rating on shares of CrowdStrike in a research report on Wednesday, May 7th. Finally, Barclays set a $500.00 price target on CrowdStrike in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and an average price target of $449.38.

CrowdStrike Trading Up 0.5%

NASDAQ:CRWD traded up $2.38 during mid-day trading on Wednesday, hitting $462.94. The company had a trading volume of 6,174,926 shares, compared to its average volume of 5,159,022. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $491.20. The firm has a market cap of $114.75 billion, a P/E ratio of 907.74, a P/E/G ratio of 17.86 and a beta of 1.22. The business's fifty day moving average is $410.85 and its two-hundred day moving average is $386.40.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the business posted $0.93 EPS. CrowdStrike's revenue was up 19.8% on a year-over-year basis. As a group, research analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Shawn Henry sold 2,547 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $365.96, for a total value of $932,100.12. Following the completion of the transaction, the insider now owns 82,071 shares of the company's stock, valued at $30,034,703.16. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. This represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 211,681 shares of company stock worth $87,081,236 in the last ninety days. 3.32% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently bought and sold shares of CRWD. Vanguard Group Inc. raised its holdings in CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after buying an additional 908,554 shares during the last quarter. Jennison Associates LLC increased its position in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the period. Geode Capital Management LLC raised its stake in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after acquiring an additional 124,984 shares during the last quarter. Norges Bank acquired a new position in shares of CrowdStrike during the fourth quarter worth $1,111,542,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of CrowdStrike by 52.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock worth $977,149,000 after purchasing an additional 955,529 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

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.