CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, DA Davidson Analyst Says

CrowdStrike (NASDAQ:CRWDGet Free Report) had its price target hoisted by investment analysts at DA Davidson from $425.00 to $455.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s target price would indicate a potential upside of 12.87% from the company’s previous close.

A number of other brokerages have also weighed in on CRWD. Berenberg Bank set a $600.00 price objective on shares of CrowdStrike and gave the company a “buy” rating in a report on Friday, January 9th. BNP Paribas Exane decreased their price target on shares of CrowdStrike from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Wednesday. Zacks Research downgraded CrowdStrike from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Barclays dropped their target price on shares of CrowdStrike from $610.00 to $550.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Finally, Evercore lowered their price target on shares of CrowdStrike from $460.00 to $375.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $509.49.

Check Out Our Latest Analysis on CRWD

CrowdStrike Trading Up 3.0%

CrowdStrike stock traded up $11.70 during midday trading on Wednesday, reaching $403.12. The 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. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90. The firm has a market cap of $101.63 billion, a price-to-earnings ratio of -319.94, a price-to-earnings-growth ratio of 21.65 and a beta of 1.06. The company has a fifty day moving average of $434.98 and a 200 day moving average of $469.29.

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 during the quarter, compared to analyst estimates of $1.30 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. On average, analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 28,853 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total transaction of $11,916,577.53. Following the transaction, the chief executive officer directly owned 2,054,902 shares in the company, valued at $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 available through this link. Also, CFO Burt W. Podbere sold 7,871 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $415.78, for a total value of $3,272,604.38. Following the completion of the sale, the chief financial officer 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 100,247 shares of company stock worth $45,722,274. 3.32% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of institutional investors have recently bought and sold shares of the stock. Disciplined Equity Management Inc. grew its stake in shares of CrowdStrike by 0.8% during the 3rd quarter. Disciplined Equity Management Inc. now owns 2,405 shares of the company’s stock worth $1,179,000 after purchasing an additional 20 shares during the period. TD Private Client Wealth LLC boosted its holdings in CrowdStrike by 6.4% during the third quarter. TD Private Client Wealth LLC now owns 334 shares of the company’s stock worth $164,000 after buying an additional 20 shares in the last quarter. Financially Speaking Inc grew its position in CrowdStrike by 26.7% during the third quarter. Financially Speaking Inc now owns 95 shares of the company’s stock valued at $47,000 after buying an additional 20 shares during the period. Catalyst Financial Partners LLC increased its holdings in CrowdStrike by 1.6% in the third quarter. Catalyst Financial Partners LLC now owns 1,246 shares of the company’s stock valued at $611,000 after buying an additional 20 shares in the last quarter. Finally, Fire Capital Management LLC increased its holdings in CrowdStrike by 1.7% in the third quarter. Fire Capital Management LLC now owns 1,239 shares of the company’s stock valued at $608,000 after buying an additional 21 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike News Roundup

Here are the key news stories impacting CrowdStrike this week:

CrowdStrike Company Profile

(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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Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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