BMO Capital Markets Trims CrowdStrike (NASDAQ:CRWD) Target Price to $290.00

CrowdStrike (NASDAQ:CRWD) had its target price trimmed by BMO Capital Markets from $410.00 to $290.00 in a research report released on Friday, Benzinga reports. The firm currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the company. Truist Financial reduced their price target on CrowdStrike from $400.00 to $325.00 and set a buy rating for the company in a research report on Tuesday, July 23rd. KeyCorp decreased their target price on shares of CrowdStrike from $440.00 to $420.00 and set an overweight rating for the company in a research report on Wednesday, July 17th. Morgan Stanley dropped their price target on shares of CrowdStrike from $360.00 to $325.00 and set an overweight rating on the stock in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on shares of CrowdStrike from $400.00 to $330.00 and set an overweight rating for the company in a report on Monday, July 29th. Finally, Evercore ISI lowered their price objective on shares of CrowdStrike from $350.00 to $325.00 and set an outperform rating on the stock in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $338.08.

CrowdStrike Stock Performance

Shares of CRWD opened at $262.54 on Friday. The firm has a fifty day moving average of $324.93 and a 200-day moving average of $321.30. The company has a market cap of $63.89 billion, a price-to-earnings ratio of 495.36, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. CrowdStrike has a 1 year low of $140.52 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The firm had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. As a group, equities analysts anticipate that CrowdStrike will post 0.87 earnings per share for the current year.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the transaction, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock worth $48,856,294 in the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently added to or reduced their stakes in the company. Gateway Wealth Partners LLC bought a new position in CrowdStrike in the second quarter worth $239,000. Regal Investment Advisors LLC increased its stake in shares of CrowdStrike by 4.0% in the 2nd quarter. Regal Investment Advisors LLC now owns 3,156 shares of the company’s stock valued at $1,209,000 after buying an additional 122 shares during the period. Quarry LP raised its holdings in CrowdStrike by 275.0% during the 2nd quarter. Quarry LP now owns 465 shares of the company’s stock worth $178,000 after purchasing an additional 341 shares during the last quarter. Invst LLC acquired a new position in CrowdStrike during the 2nd quarter valued at about $220,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of CrowdStrike by 4.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 84,725 shares of the company’s stock valued at $32,465,000 after purchasing an additional 3,880 shares during the last quarter. Institutional investors and hedge funds 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.