DA Davidson Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its target price upped by research analysts at DA Davidson from $395.00 to $415.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price indicates a potential upside of 16.39% from the company’s previous close.

A number of other analysts also recently commented on CRWD. Robert W. Baird dropped their target price on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday. HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research report on Wednesday, November 27th. Wells Fargo & Company lifted their target price on CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a report on Wednesday. Finally, Bank of America lifted their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.48.

CrowdStrike Price Performance

CRWD stock traded down $33.61 during trading hours on Wednesday, hitting $356.56. 8,385,946 shares of the stock traded hands, compared to its average volume of 3,594,158. The stock has a 50-day simple moving average of $387.85 and a 200 day simple moving average of $337.82. The company has a market cap of $87.82 billion, a P/E ratio of 696.57, a P/E/G ratio of 17.86 and a beta of 1.19. CrowdStrike has a one year low of $200.81 and a one year high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity

In other news, Director Sameer K. Gandhi sold 17,120 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the sale, the director now directly owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. This trade represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock valued at $38,387,254 over the last 90 days. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Siemens Fonds Invest GmbH lifted its holdings in shares of CrowdStrike by 37.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock worth $2,384,000 after buying an additional 1,893 shares during the last quarter. Park Square Financial Group LLC bought a new position in CrowdStrike during the fourth quarter worth $151,000. Total Wealth Planning & Management Inc. bought a new position in CrowdStrike during the fourth quarter worth $315,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in CrowdStrike in the 4th quarter valued at $59,596,000. Finally, Brooklyn FI LLC bought a new stake in CrowdStrike in the 4th quarter valued at $3,927,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.