CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, DA Davidson Analyst Says

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its target price upped by stock 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 price objective suggests a potential upside of 13.56% from the company's previous close.

Other equities analysts have also issued reports about the stock. UBS Group lifted their price target on shares of CrowdStrike from $396.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Wells Fargo & Company lifted their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday. Susquehanna boosted their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a report on Wednesday. KeyCorp dropped their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Scotiabank reissued a "sector perform" rating on shares of CrowdStrike in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $400.10.

CrowdStrike Stock Down 6.3 %

NASDAQ CRWD traded down $24.72 on Wednesday, hitting $365.44. The stock had a trading volume of 15,929,201 shares, compared to its average volume of 3,785,924. The business's fifty day moving average price is $387.84 and its 200 day moving average price is $338.02. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $455.59. The stock has a market cap of $90.01 billion, a price-to-earnings ratio of 716.56, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Insider Transactions at CrowdStrike

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

Hedge Funds Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the stock. Berbice Capital Management LLC acquired a new position in shares of CrowdStrike in the 4th quarter worth approximately $27,000. Fortitude Family Office LLC raised its holdings in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. raised its holdings in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike in the 4th quarter valued at $34,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike in the 4th quarter valued at $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.