DA Davidson Increases CrowdStrike (NASDAQ:CRWD) Price Target to $580.00

CrowdStrike (NASDAQ:CRWD) had its target price increased by research analysts at DA Davidson from $515.00 to $580.00 in a research note issued on Monday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 13.21% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Wedbush boosted their price target on CrowdStrike from $525.00 to $600.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Truist Financial upped their target price on shares of CrowdStrike from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. BMO Capital Markets increased their target price on shares of CrowdStrike from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, September 18th. Royal Bank Of Canada boosted their price target on shares of CrowdStrike from $540.00 to $621.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Finally, Roth Capital reaffirmed a “buy” rating and set a $510.00 price objective (up previously from $410.00) on shares of CrowdStrike in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $539.38.

CrowdStrike Stock Up 1.1%

CRWD opened at $512.34 on Monday. The company has a market cap of $128.58 billion, a PE ratio of -430.53, a price-to-earnings-growth ratio of 119.10 and a beta of 1.16. CrowdStrike has a twelve month low of $298.00 and a twelve month high of $566.90. The company has a 50-day moving average price of $510.53 and a 200 day moving average price of $475.95. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the firm posted $1.04 EPS. CrowdStrike’s revenue was up 21.4% compared to the same quarter last year. Sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Johanna Flower sold 2,347 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $490.98, for a total transaction of $1,152,330.06. Following the completion of the sale, the director owned 79,057 shares in the company, valued at $38,815,405.86. This trade represents a 2.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 1,957 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $550.41, for a total value of $1,077,152.37. Following the completion of the transaction, the chief financial officer owned 218,467 shares in the company, valued at $120,246,421.47. This represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 116,622 shares of company stock worth $58,561,456. 3.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently modified their holdings of CRWD. Brighton Jones LLC raised its stake in shares of CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after acquiring an additional 2,417 shares during the period. Assetmark Inc. increased its holdings in CrowdStrike by 20.9% in the 1st quarter. Assetmark Inc. now owns 631 shares of the company’s stock valued at $222,000 after purchasing an additional 109 shares during the last quarter. Empirical Finance LLC raised its position in CrowdStrike by 18.2% in the first quarter. Empirical Finance LLC now owns 956 shares of the company’s stock valued at $337,000 after purchasing an additional 147 shares during the period. LPL Financial LLC lifted its stake in CrowdStrike by 20.7% during the first quarter. LPL Financial LLC now owns 551,390 shares of the company’s stock worth $194,409,000 after purchasing an additional 94,569 shares in the last quarter. Finally, Norden Group LLC grew its stake in shares of CrowdStrike by 1.9% in the first quarter. Norden Group LLC now owns 1,486 shares of the company’s stock valued at $524,000 after buying an additional 28 shares in the last quarter. 71.16% of the stock is currently 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.