DA Davidson Lowers CrowdStrike (NASDAQ:CRWD) Price Target to $380.00

CrowdStrike (NASDAQ:CRWD) had its price target cut by stock analysts at DA Davidson from $425.00 to $380.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 17.37% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Macquarie reissued an “outperform” rating and set a $370.00 price objective on shares of CrowdStrike in a research note on Tuesday, March 19th. UBS Group lifted their target price on shares of CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Piper Sandler lifted their target price on shares of CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Oppenheimer lifted their target price on shares of CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, HSBC lifted their price target on shares of CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $375.61.

CrowdStrike Price Performance

CrowdStrike stock traded up $18.17 during mid-day trading on Wednesday, reaching $323.75. The company had a trading volume of 7,707,462 shares, compared to its average volume of 3,454,074. CrowdStrike has a 1 year low of $139.37 and a 1 year high of $365.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market capitalization of $78.31 billion, a P/E ratio of 901.69, a P/E/G ratio of 12.35 and a beta of 1.08. The stock’s 50-day simple moving average is $317.26 and its 200-day simple moving average is $295.54.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The business had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. On average, equities analysts predict that CrowdStrike will post 1.12 EPS for the current year.

Insider Transactions at CrowdStrike

In other news, 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 owns 308,593 shares of the company’s stock, valued at approximately $107,702,042.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the transaction, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 5,424 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $349.01, for a total transaction of $1,893,030.24. Following the completion of the transaction, the chief financial officer now directly owns 308,593 shares in the company, valued at approximately $107,702,042.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 317,000 shares of company stock valued at $101,229,160. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently made changes to their positions in the company. Soltis Investment Advisors LLC increased its stake in shares of CrowdStrike by 5.7% in the first quarter. Soltis Investment Advisors LLC now owns 1,167 shares of the company’s stock valued at $374,000 after purchasing an additional 63 shares during the period. Cetera Advisor Networks LLC increased its stake in shares of CrowdStrike by 25.3% in the first quarter. Cetera Advisor Networks LLC now owns 78,389 shares of the company’s stock valued at $25,131,000 after purchasing an additional 15,836 shares during the period. PGGM Investments increased its stake in shares of CrowdStrike by 462.2% in the first quarter. PGGM Investments now owns 9,569 shares of the company’s stock valued at $3,068,000 after purchasing an additional 7,867 shares during the period. Burney Co. acquired a new position in shares of CrowdStrike during the first quarter valued at approximately $1,342,000. Finally, Beck Bode LLC increased its stake in shares of CrowdStrike by 4.7% during the first quarter. Beck Bode LLC now owns 37,465 shares of the company’s stock valued at $12,011,000 after acquiring an additional 1,689 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.