DA Davidson Raises CrowdStrike (NASDAQ:CRWD) Price Target to $310.00

CrowdStrike (NASDAQ:CRWD) had its target price hoisted by DA Davidson from $290.00 to $310.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on CRWD. Stifel Nicolaus decreased their price objective on CrowdStrike from $400.00 to $300.00 and set a buy rating for the company in a report on Friday, August 9th. BTIG Research cut CrowdStrike from a buy rating to a neutral rating in a report on Monday, July 22nd. Truist Financial restated a buy rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price objective on CrowdStrike from $350.00 to $275.00 and set a hold rating for the company in a report on Monday, August 26th. Finally, Barclays raised their price objective on CrowdStrike from $285.00 to $295.00 and gave the company an overweight rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $329.47.

CrowdStrike Price Performance

CRWD stock opened at $277.28 on Thursday. The stock has a 50-day moving average price of $301.88 and a two-hundred day moving average price of $318.20. The stock has a market cap of $67.48 billion, a PE ratio of 523.17, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike has a 1 year low of $145.38 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. Equities analysts forecast that CrowdStrike will post 0.87 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Sentonas sold 10,735 shares of CrowdStrike 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 president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,219 shares of company stock valued at $48,856,294. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of CRWD. GAMMA Investing LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth $61,000. Yousif Capital Management LLC grew its stake in shares of CrowdStrike by 3.0% during the fourth quarter. Yousif Capital Management LLC now owns 2,539 shares of the company’s stock worth $648,000 after buying an additional 73 shares during the last quarter. Silver Oak Securities Incorporated grew its stake in shares of CrowdStrike by 404.3% during the fourth quarter. Silver Oak Securities Incorporated now owns 827 shares of the company’s stock worth $211,000 after buying an additional 663 shares during the last quarter. Choreo LLC grew its stake in shares of CrowdStrike by 11.0% during the fourth quarter. Choreo LLC now owns 1,726 shares of the company’s stock worth $441,000 after buying an additional 171 shares during the last quarter. Finally, Mission Wealth Management LP bought a new stake in shares of CrowdStrike during the fourth quarter worth $545,000. Institutional investors 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.