CrowdStrike’s (CRWD) Buy Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of CrowdStrike (NASDAQ:CRWD) in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has a $310.00 price target on the stock.

Several other brokerages have also commented on CRWD. Wedbush restated an outperform rating and issued a $315.00 price target on shares of CrowdStrike in a research note on Friday, August 9th. Redburn Atlantic lowered shares of CrowdStrike from a neutral rating to a sell rating and reduced their price target for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. Cantor Fitzgerald lowered their price objective on shares of CrowdStrike from $400.00 to $350.00 and set an overweight rating on the stock in a research note on Thursday, August 29th. Needham & Company LLC reissued a buy rating and set a $350.00 target price on shares of CrowdStrike in a report on Friday, September 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on CrowdStrike from $350.00 to $275.00 and set a hold rating for the company in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $327.03.

CrowdStrike Trading Up 8.1 %

Shares of NASDAQ CRWD opened at $299.85 on Wednesday. The company has a market cap of $72.97 billion, a price-to-earnings ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The stock’s 50 day simple moving average is $265.90 and its 200 day simple moving average is $312.29. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a 12-month low of $157.59 and a 12-month high of $398.33.

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

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 8,077 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $374.99, for a total value of $3,028,794.23. Following the completion of the sale, the insider now owns 187,091 shares of the company’s stock, valued at approximately $70,157,254.09. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Shawn Henry sold 8,077 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $374.99, for a total value of $3,028,794.23. Following the transaction, the insider now directly owns 187,091 shares of the company’s stock, valued at approximately $70,157,254.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the sale, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Insiders sold 45,577 shares of company stock valued at $16,330,609 in the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike in the 2nd quarter worth $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike during the first quarter valued at $30,000. Family Firm Inc. bought a new position in shares of CrowdStrike in the second quarter valued at approximately $30,000. Johnson Financial Group Inc. acquired a new position in CrowdStrike during the 4th quarter worth about $31,000. Finally, Northwest Bank & Trust Co bought a new position in CrowdStrike in the 4th quarter worth approximately $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.