CrowdStrike (NASDAQ:CRWD) Price Target Raised to $167.00 at BMO Capital Markets

CrowdStrike (NASDAQ:CRWD) had its price objective raised by BMO Capital Markets from $165.00 to $167.00 in a research report report published on Thursday morning, MarketBeat.com reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on the stock. Mizuho boosted their price target on shares of CrowdStrike from $175.00 to $180.00 in a research report on Thursday, June 15th. Guggenheim restated a buy rating and issued a $162.00 price target on shares of CrowdStrike in a research report on Wednesday, August 23rd. Wells Fargo & Company lifted their price objective on CrowdStrike from $175.00 to $200.00 and gave the stock an overweight rating in a research report on Monday. Wedbush upped their target price on CrowdStrike from $145.00 to $170.00 in a report on Wednesday, May 31st. Finally, Canaccord Genuity Group lifted their price target on CrowdStrike from $175.00 to $185.00 and gave the stock a buy rating in a report on Tuesday, August 22nd. Six analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $182.95.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $163.03 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.78 and a quick ratio of 1.78. CrowdStrike has a 1 year low of $92.25 and a 1 year high of $198.14. The firm has a market capitalization of $38.66 billion, a PE ratio of -250.82, a P/E/G ratio of 41.55 and a beta of 0.96. The business’s 50 day moving average price is $149.85 and its 200-day moving average price is $139.36.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, May 31st. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.13. The company had revenue of $692.58 million for the quarter, compared to analysts’ expectations of $677.30 million. CrowdStrike had a negative net margin of 6.18% and a negative return on equity of 8.76%. As a group, equities research analysts expect that CrowdStrike will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Anurag Saha sold 815 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total transaction of $122,641.20. Following the sale, the chief accounting officer now directly owns 31,852 shares in the company, valued at $4,793,088.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike news, CFO Burt W. Podbere sold 14,430 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $145.48, for a total value of $2,099,276.40. Following the sale, the chief financial officer now directly owns 380,800 shares in the company, valued at $55,398,784. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 815 shares of CrowdStrike stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $150.48, for a total value of $122,641.20. Following the sale, the chief accounting officer now directly owns 31,852 shares of the company’s stock, valued at $4,793,088.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 342,479 shares of company stock worth $51,344,648. 5.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Coppell Advisory Solutions Corp. purchased a new position in CrowdStrike in the fourth quarter valued at approximately $25,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of CrowdStrike by 173.1% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 213 shares of the company’s stock valued at $31,000 after buying an additional 135 shares in the last quarter. Freedom Wealth Alliance LLC purchased a new position in shares of CrowdStrike in the 4th quarter valued at $32,000. Coppell Advisory Solutions LLC acquired a new stake in CrowdStrike during the 2nd quarter worth $36,000. Finally, WealthPLAN Partners LLC purchased a new stake in CrowdStrike in the first quarter valued at $38,000. Institutional investors and hedge funds own 63.53% of the company’s stock.

About CrowdStrike

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.