DA Davidson Trims CrowdStrike (NASDAQ:CRWD) Target Price to $290.00

CrowdStrike (NASDAQ:CRWD) had its price target lowered by analysts at DA Davidson from $380.00 to $290.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price suggests a potential upside of 16.88% from the company’s previous close.

Several other research firms have also recently weighed in on CRWD. BMO Capital Markets reduced their price objective on CrowdStrike from $425.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday, June 5th. Royal Bank of Canada reduced their price target on CrowdStrike from $420.00 to $380.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Hsbc Global Res cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group reduced their price target on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and reduced their price target for the company from $388.00 to $302.00 in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $346.24.

CrowdStrike Stock Up 3.7 %

CRWD stock opened at $248.11 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market capitalization of $60.38 billion, a P/E ratio of 468.13, a P/E/G ratio of 11.79 and a beta of 1.10. The business has a 50-day moving average of $329.98 and a 200-day moving average of $322.11. CrowdStrike has a fifty-two week low of $140.52 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. On average, sell-side analysts anticipate that CrowdStrike will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Burt W. Podbere sold 5,424 shares of CrowdStrike stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $349.01, for a total value of $1,893,030.24. Following the completion of the transaction, the chief financial officer now directly owns 308,593 shares of the company’s stock, valued at approximately $107,702,042.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the completion of the transaction, the insider now directly owns 200,672 shares of the company’s stock, valued at approximately $76,843,328.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 5,424 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $349.01, for a total value of $1,893,030.24. Following the completion of the sale, the chief financial officer now directly owns 308,593 shares of the company’s stock, valued at $107,702,042.93. The disclosure for this sale can be found here. Insiders sold a total of 131,643 shares of company stock valued at $49,709,324 in the last three months. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in CrowdStrike in the 2nd quarter valued at about $30,000. Itau Unibanco Holding S.A. acquired a new position in CrowdStrike during the 2nd quarter valued at about $33,000. Unique Wealth Strategies LLC acquired a new position in CrowdStrike during the 2nd quarter valued at about $36,000. Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike during the 1st quarter valued at about $30,000. Finally, Hobbs Group Advisors LLC acquired a new position in CrowdStrike during the 2nd quarter valued at about $38,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Company Profile

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.