CrowdStrike (NASDAQ:CRWD) Given New $310.00 Price Target at DA Davidson

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by equities research analysts at DA Davidson from $290.00 to $310.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 11.89% from the stock’s previous close.

CRWD has been the topic of several other reports. Raymond James dropped their target price on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday. Guggenheim cut CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Barclays boosted their price target on CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Thursday. Mizuho decreased their price target on CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Finally, Rosenblatt Securities decreased their price target on CrowdStrike from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $324.31.

CrowdStrike Stock Up 4.9 %

CrowdStrike stock traded up $12.86 during mid-day trading on Thursday, hitting $277.06. The company had a trading volume of 6,375,886 shares, compared to its average volume of 5,390,789. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $308.66 and its two-hundred day moving average price is $319.21. CrowdStrike has a 12 month low of $145.38 and a 12 month high of $398.33. The company has a market capitalization of $67.43 billion, a PE ratio of 522.75, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that CrowdStrike will post 0.87 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO George Kurtz sold 55,587 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the transaction, the chief executive officer now directly owns 1,127,843 shares of the company’s stock, valued at $424,576,497.35. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Michael Sentonas sold 10,735 shares of the 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 $4,086,063.05. Following the transaction, the president now directly owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The disclosure for this sale can be found here. Insiders sold a total of 130,219 shares of company stock valued at $48,856,294 over the last 90 days. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike in the 2nd quarter valued at approximately $25,000. Hexagon Capital Partners LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $26,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike in the 1st quarter valued at approximately $30,000. Family Firm Inc. bought a new stake in shares of CrowdStrike in the 2nd quarter valued at approximately $30,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $31,000. 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.