CrowdStrike (NASDAQ:CRWD) Given New $455.00 Price Target at DA Davidson

CrowdStrike (NASDAQ:CRWDGet Free Report) had its target price upped by equities research analysts at DA Davidson from $425.00 to $455.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 12.87% from the company’s previous close.

CRWD has been the topic of a number of other reports. Morgan Stanley lowered their price target on CrowdStrike from $537.00 to $487.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Needham & Company LLC decreased their price objective on CrowdStrike from $575.00 to $475.00 and set a “buy” rating on the stock in a report on Wednesday. HSBC upped their target price on shares of CrowdStrike from $417.00 to $446.00 and gave the stock a “hold” rating in a report on Thursday, December 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of CrowdStrike in a research note on Monday, December 29th. Finally, Oppenheimer lowered their target price on CrowdStrike from $580.00 to $500.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $509.49.

Read Our Latest Research Report on CRWD

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $11.70 on Wednesday, reaching $403.12. The company’s stock had a trading volume of 6,756,641 shares, compared to its average volume of 3,993,989. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $434.98 and a 200-day moving average price of $469.29. The company has a market capitalization of $101.63 billion, a P/E ratio of -319.94, a PEG ratio of 21.65 and a beta of 1.06. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. Analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In related news, CEO George Kurtz sold 28,853 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $413.01, for a total value of $11,916,577.53. Following the sale, the chief executive officer directly owned 2,054,902 shares in the company, valued at approximately $848,695,075.02. The trade was a 1.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Burt W. Podbere sold 7,871 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $415.78, for a total transaction of $3,272,604.38. Following the transaction, the chief financial officer directly owned 169,613 shares of the company’s stock, valued at approximately $70,521,693.14. This trade represents a 4.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 100,247 shares of company stock valued at $45,722,274. 3.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Asset Planning Inc acquired a new stake in CrowdStrike in the 3rd quarter valued at approximately $25,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of CrowdStrike in the third quarter valued at $25,000. Anchor Investment Management LLC acquired a new stake in shares of CrowdStrike in the third quarter valued at $25,000. AlphaQuest LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter valued at $26,000. Finally, Logan Capital Management Inc. acquired a new position in CrowdStrike during the 3rd quarter worth about $26,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike News Roundup

Here are the key news stories impacting CrowdStrike this week:

About CrowdStrike

(Get Free Report)

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.

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