Scotiabank Boosts CrowdStrike (NASDAQ:CRWD) Price Target to $480.00

CrowdStrike (NASDAQ:CRWD - Free Report) had its price objective upped by Scotiabank from $370.00 to $480.00 in a research report released on Wednesday,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

A number of other analysts have also commented on the stock. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. The Goldman Sachs Group reiterated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. BMO Capital Markets lifted their price target on shares of CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a research note on Wednesday. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Wedbush raised their target price on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $449.38.

CrowdStrike Stock Up 0.5%

NASDAQ:CRWD traded up $2.38 on Wednesday, reaching $462.94. 6,174,926 shares of the stock traded hands, compared to its average volume of 5,115,577. The company has a market capitalization of $114.75 billion, a price-to-earnings ratio of 907.74, a PEG ratio of 17.86 and a beta of 1.22. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $491.20. The company's fifty day simple moving average is $410.85 and its 200 day simple moving average is $386.40.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. Equities analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction on Friday, March 21st. The shares were 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 approximately $12,969,492.30. The trade was a 3.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,556 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the transaction, the chief executive officer now owns 2,192,610 shares of the company's stock, valued at $981,280,679.40. This trade represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 211,681 shares of company stock worth $87,081,236 over the last quarter. Insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently made changes to their positions in the business. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike in the 1st quarter worth $25,000. Vision Financial Markets LLC purchased a new position in shares of CrowdStrike in the 1st quarter worth $26,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares in the last quarter. Finally, FPC Investment Advisory Inc. grew its stake in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other 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.