CrowdStrike (NASDAQ:CRWD) Rating Reiterated by DA Davidson

DA Davidson reissued their buy rating on shares of CrowdStrike (NASDAQ:CRWD) in a report released on Wednesday, Benzinga reports. The firm currently has a $310.00 price objective on the stock.

Several other research analysts also recently commented on the stock. BTIG Research downgraded shares of CrowdStrike from a buy rating to a neutral rating in a report on Monday, July 22nd. UBS Group reduced their price target on CrowdStrike from $330.00 to $310.00 and set a buy rating for the company in a research report on Thursday, August 29th. Guggenheim cut CrowdStrike from a buy rating to a neutral rating in a report on Monday, July 22nd. Westpark Capital reaffirmed a hold rating on shares of CrowdStrike in a report on Thursday, August 29th. Finally, Barclays upped their price target on CrowdStrike from $285.00 to $295.00 and gave the company an overweight rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of Moderate Buy and a consensus price target of $327.03.

CrowdStrike Stock Performance

NASDAQ:CRWD 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 debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. 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 market capitalization of $72.97 billion, a P/E ratio of 565.75, a P/E/G ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. On average, analysts expect that CrowdStrike will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 8,077 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $374.99, for a total value of $3,028,794.23. Following the transaction, the insider now owns 187,091 shares in the company, valued at $70,157,254.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the transaction, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 8,077 shares of the 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 disclosure for this sale can be found here. Insiders have sold 45,577 shares of company stock valued at $16,330,609 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently made changes to their positions in the business. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the 2nd quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike in the first quarter worth about $30,000. Family Firm Inc. bought a new position in CrowdStrike in the second quarter worth about $30,000. Johnson Financial Group Inc. purchased a new stake in CrowdStrike in the fourth quarter worth about $31,000. Finally, Northwest Bank & Trust Co bought a new stake in CrowdStrike during the 4th quarter valued at approximately $32,000. 71.16% of the stock is owned by hedge funds and other 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.