DA Davidson Reaffirms Buy Rating for CrowdStrike (NASDAQ:CRWD)

DA Davidson restated their buy rating on shares of CrowdStrike (NASDAQ:CRWD) in a research report report published on Wednesday, Benzinga reports. They currently have a $310.00 price objective on the stock.

A number of other research analysts have also commented on CRWD. Susquehanna decreased their price objective on CrowdStrike from $410.00 to $310.00 and set a positive rating on the stock in a report on Thursday, September 5th. KeyCorp decreased their price target on shares of CrowdStrike from $440.00 to $420.00 and set an overweight rating on the stock in a research note on Wednesday, July 17th. Robert W. Baird dropped their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an outperform rating for the company in a research note on Thursday, August 29th. Canaccord Genuity Group decreased their target price on shares of CrowdStrike from $340.00 to $330.00 and set a buy rating on the stock in a research report on Thursday, August 29th. Finally, Hsbc Global Res upgraded shares of CrowdStrike from a hold rating to a strong-buy rating in a research report on Friday, August 30th. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $327.03.

CrowdStrike Trading Up 8.1 %

Shares of CrowdStrike stock opened at $299.85 on Wednesday. CrowdStrike has a 1 year low of $157.59 and a 1 year high of $398.33. The company has a market capitalization of $72.97 billion, a price-to-earnings ratio of 565.75, a P/E/G ratio of 16.14 and a beta of 1.09. The business has a fifty day simple moving average of $265.90 and a two-hundred day simple moving average of $312.40. 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 announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate 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 net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. Research analysts forecast that CrowdStrike will post 0.56 EPS for the current year.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares in the company, valued at approximately $313,382,009.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,577 shares of company stock valued at $16,330,609. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Arlington Financial Advisors LLC lifted its position in shares of CrowdStrike by 1.5% during the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after buying an additional 30 shares in the last quarter. Saturna Capital Corp grew its stake in CrowdStrike by 2.7% in the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after purchasing an additional 33 shares during the period. Means Investment CO. Inc. increased its position in shares of CrowdStrike by 1.8% during the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after purchasing an additional 35 shares during the last quarter. Shepherd Financial Partners LLC raised its stake in shares of CrowdStrike by 1.4% during the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after purchasing an additional 36 shares during the period. Finally, Albion Financial Group UT boosted its holdings in shares of CrowdStrike by 3.7% in the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock worth $351,000 after buying an additional 39 shares during the last quarter. 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.