DA Davidson Forecasts Strong Price Appreciation for CrowdStrike (NASDAQ:CRWD) Stock

CrowdStrike (NASDAQ:CRWD) had its price target upped by analysts at DA Davidson from $395.00 to $415.00 in a report released 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 16.39% from the stock’s current price.

A number of other brokerages have also recently issued reports on CRWD. Truist Financial increased their price objective on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $440.00 price target on shares of CrowdStrike in a research report on Wednesday. The Goldman Sachs Group lifted their price objective on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Barclays dropped their target price on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.48.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded down $33.61 during trading hours on Wednesday, reaching $356.56. The stock had a trading volume of 8,385,946 shares, compared to its average volume of 3,594,158. The company has a market cap of $87.82 billion, a price-to-earnings ratio of 696.57, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59. The business’s fifty day moving average is $387.85 and its two-hundred day moving average is $337.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 18,071 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total value of $6,500,138.70. Following the sale, the chief executive officer now owns 2,159,935 shares in the company, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the sale, the insider now directly owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock worth $38,387,254 over the last 90 days. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CRWD. Vanguard Group Inc. boosted its holdings in shares of CrowdStrike by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after acquiring an additional 342,294 shares during the period. State Street Corp lifted its holdings in CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC boosted its stake in CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after purchasing an additional 352,180 shares during the period. Geode Capital Management LLC grew its holdings in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after buying an additional 124,984 shares in the last quarter. Finally, Norges Bank bought a new position in CrowdStrike during the 4th quarter worth $1,111,542,000. 71.16% of the stock is owned by institutional investors.

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.