BMO Capital Markets Forecasts Strong Price Appreciation for CrowdStrike (NASDAQ:CRWD) Stock

CrowdStrike (NASDAQ:CRWD) had its price objective increased by equities research analysts at BMO Capital Markets from $380.00 to $405.00 in a research report issued on Wednesday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 15.17% from the company’s current price.

Several other analysts also recently issued reports on the company. The Goldman Sachs Group boosted their price target on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. Evercore ISI boosted their target price on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Hsbc Global Res downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Stifel Nicolaus increased their target price on shares of CrowdStrike from $400.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Finally, Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $390.98.

CrowdStrike Trading Down 9.9 %

Shares of CRWD stock opened at $351.65 on Wednesday. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a market capitalization of $86.62 billion, a PE ratio of 691.88, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The firm has a 50 day moving average price of $387.85 and a two-hundred day moving average price of $337.82. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Sentonas sold 10,801 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the transaction, the president now owns 389,589 shares of the company’s stock, valued at $139,655,968.83. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,315 shares of company stock valued at $38,387,254. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors have recently added to or reduced their stakes in the business. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC grew its stake in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. FPC Investment Advisory Inc. raised its holdings in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth $34,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike in the fourth quarter worth $34,000. 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.