DA Davidson Reaffirms Buy Rating for CrowdStrike (NASDAQ:CRWD)

CrowdStrike (NASDAQ:CRWD)‘s stock had its “buy” rating reissued by equities research analysts at DA Davidson in a report issued on Wednesday,Benzinga reports. They presently have a $580.00 price target on the stock. DA Davidson’s price target would suggest a potential upside of 13.03% from the stock’s current price.

CRWD has been the subject of a number of other research reports. Cowen reissued a “buy” rating on shares of CrowdStrike in a research report on Wednesday. Wedbush reiterated an “outperform” rating and set a $600.00 target price on shares of CrowdStrike in a research note on Monday. Sanford C. Bernstein restated a “market perform” rating and issued a $353.00 price target on shares of CrowdStrike in a research report on Wednesday. Oppenheimer lifted their target price on CrowdStrike from $560.00 to $580.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Finally, Wells Fargo & Company upped their price objective on CrowdStrike from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $555.51.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $513.12 on Wednesday. The business has a 50-day moving average of $514.40 and a 200-day moving average of $479.02. The company has a market capitalization of $128.77 billion, a price-to-earnings ratio of -407.24, a PEG ratio of 123.56 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.88. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. CrowdStrike’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.700-3.720 EPS and its Q4 2026 guidance at 1.090-1.110 EPS. On average, equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 17,830 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the completion of the sale, the chief executive officer directly owned 2,115,057 shares of the company’s stock, valued at $1,045,959,138.21. This represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $550.20, for a total transaction of $2,751,000.00. Following the sale, the director directly owned 765,456 shares of the company’s stock, valued at $421,153,891.20. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 110,372 shares of company stock worth $55,996,956. Corporate insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL lifted its position in shares of CrowdStrike by 12.4% in the third quarter. Strategic Investment Solutions Inc. IL now owns 199 shares of the company’s stock worth $98,000 after purchasing an additional 22 shares in the last quarter. Severin Investments LLC raised its holdings in shares of CrowdStrike by 4.3% during the third quarter. Severin Investments LLC now owns 1,101 shares of the company’s stock worth $540,000 after acquiring an additional 45 shares in the last quarter. Allworth Financial LP grew its stake in CrowdStrike by 24.7% in the third quarter. Allworth Financial LP now owns 11,588 shares of the company’s stock valued at $5,682,000 after purchasing an additional 2,294 shares in the last quarter. IFP Advisors Inc increased its position in CrowdStrike by 2.7% in the 3rd quarter. IFP Advisors Inc now owns 17,694 shares of the company’s stock worth $8,677,000 after purchasing an additional 461 shares during the last quarter. Finally, Swiss Life Asset Management Ltd increased its holdings in CrowdStrike by 0.5% in the third quarter. Swiss Life Asset Management Ltd now owns 86,834 shares of the company’s stock worth $42,582,000 after buying an additional 463 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.