BMO Capital Markets cut their price target on CrowdStrike (NASDAQ:CRWD) to $290.00

CrowdStrike (NASDAQ:CRWD – Free Report) their target price was cut by BMO Capital Markets from $410.00 to $290.00 in a research report on Friday, Benzinga reports. The firm currently has an Outperform rating on the stock.

Other research analysts have also issued research reports on the company. Truist Financial cut 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 cut their price target 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 target price 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. cut 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 reduced 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 currently has a consensus rating of Moderate Buy and an average target price of $338.08.

See the latest inventory report on CRWD

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 – Get Your Free Report ) 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.

Indoor activity

In related news, 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 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 via this hyperlink. In other news, Chairman Michael Sentonas sold 10,735 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the transaction, the chairman 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 via 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 shares.

Hedge funds influence 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 valued at $239,000. Regal Investment Advisors LLC boosted its stake in shares of CrowdStrike by 4.0% in the second quarter. Regal Investment Advisors LLC now owns 3,156 shares of the company’s stock valued at $1,209,000 after purchasing an additional 122 shares during the period. Quarry LP boosted its holdings in CrowdStrike by 275.0% during the second quarter. Quarry LP now owns 465 shares of the company’s stock worth $178,000 after purchasing an additional 341 shares in the last quarter. Invst LLC purchased a new position in CrowdStrike during the 2nd quarter valued at approximately $220,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of CrowdStrike by 4.8% in the second 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 in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s shares.

About CrowdStrike

(Get a free report)

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform provides cloud-delivered protection of endpoints, cloud workloads, identity and data. The company provides 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 automation of workflow based on artificial intelligence and security. generative AI workload services.

Further reading

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