CrowdStrike (NASDAQ:CRWD) Stock Rating Reaffirmed by DA Davidson

CrowdStrike (NASDAQ:CRWD)‘s stock had its “buy” rating reissued by investment analysts at DA Davidson in a note issued to investors on Wednesday, Benzinga reports. They currently have a $310.00 price objective on the stock. DA Davidson’s target price would suggest a potential upside of 15.82% from the company’s previous close.

A number of other analysts also recently weighed in on CRWD. Wells Fargo & Company decreased their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Argus cut their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Jefferies Financial Group cut their price target on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Susquehanna cut their price objective on shares of CrowdStrike from $410.00 to $310.00 and set a “positive” rating on the stock in a research report on Thursday, September 5th. Finally, HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and increased their price objective for the stock from $302.00 to $339.00 in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $327.16.

CrowdStrike Trading Down 0.4 %

NASDAQ CRWD traded down $1.07 on Wednesday, reaching $267.65. The company had a trading volume of 1,622,965 shares, compared to its average volume of 5,292,613. The firm has a market cap of $65.14 billion, a price-to-earnings ratio of 504.32, a P/E/G ratio of 16.14 and a beta of 1.09. CrowdStrike has a fifty-two week low of $157.59 and a fifty-two week high of $398.33. The business has a 50 day moving average of $271.34 and a two-hundred day moving average of $312.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. Analysts forecast that CrowdStrike will post 0.56 EPS for the current year.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,662 shares of the firm’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 value of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Anurag Saha sold 1,662 shares of the firm’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 value of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Burt W. Podbere sold 11,154 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $379.81, for a total transaction of $4,236,400.74. Following the completion of the transaction, the chief financial officer now directly owns 297,650 shares of the company’s stock, valued at $113,050,446.50. The disclosure for this sale can be found here. Insiders sold a total of 130,219 shares of company stock worth $48,306,394 in the last quarter. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the 2nd quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike in the 1st quarter valued at $30,000. Family Firm Inc. bought a new position in CrowdStrike in the 2nd quarter valued at $30,000. Johnson Financial Group Inc. bought a new position in CrowdStrike in the 4th quarter valued at $31,000. Finally, Northwest Bank & Trust Co bought a new position in CrowdStrike in the 4th quarter valued at $32,000. 71.16% of the stock is owned by institutional investors.

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.