CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $290.00 at DA Davidson

CrowdStrike (NASDAQ:CRWD) had its target price trimmed by DA Davidson from $380.00 to $290.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock. DA Davidson also issued estimates for CrowdStrike’s FY2025 earnings at $0.89 EPS and FY2026 earnings at $1.37 EPS.

Other analysts have also issued reports about the stock. Piper Sandler raised shares of CrowdStrike from a neutral rating to an overweight rating and reduced their price objective for the stock from $310.00 to $290.00 in a research report on Tuesday, August 6th. Redburn Atlantic lowered shares of CrowdStrike from a neutral rating to a sell rating and reduced their price objective for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. Scotiabank lowered shares of CrowdStrike from a sector outperform rating to a sector perform rating and reduced their price objective for the stock from $393.00 to $300.00 in a research report on Monday, July 22nd. BTIG Research lowered shares of CrowdStrike from a buy rating to a neutral rating in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of CrowdStrike from $400.00 to $330.00 and set an overweight rating on the stock in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $338.08.

CrowdStrike Stock Up 0.8 %

Shares of NASDAQ CRWD opened at $262.54 on Wednesday. The firm’s 50-day moving average price is $324.93 and its 200-day moving average price is $321.10. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $63.89 billion, a price-to-earnings ratio of 495.36, a P/E/G ratio of 11.79 and a beta of 1.10. CrowdStrike has a 12-month low of $140.52 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. On average, equities research analysts anticipate that CrowdStrike will post 0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the transaction, the director now owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,643 shares of company stock valued at $50,749,324. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arlington Financial Advisors LLC increased its holdings in CrowdStrike by 1.5% in the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after buying an additional 30 shares in the last quarter. Saturna Capital Corp increased its holdings in CrowdStrike by 2.7% in the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after buying an additional 33 shares in the last quarter. Means Investment CO. Inc. increased its holdings in CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after buying an additional 35 shares in the last quarter. Shepherd Financial Partners LLC increased its holdings in CrowdStrike by 1.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after buying an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of CrowdStrike by 2.2% in the first quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock valued at $582,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors 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.