CrowdStrike (NASDAQ:CRWD) Price Target Raised to $530.00

CrowdStrike (NASDAQ:CRWD) had its target price raised by Daiwa Capital Markets from $475.00 to $530.00 in a report issued on Wednesday,MarketScreener reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts also recently commented on the company. DA Davidson increased their price target on CrowdStrike from $490.00 to $515.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Morgan Stanley upped their price objective on CrowdStrike from $460.00 to $475.00 and gave the company an “equal weight” rating in a research note on Thursday, September 18th. Jefferies Financial Group upped their price objective on CrowdStrike from $500.00 to $515.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Canaccord Genuity Group upped their price objective on CrowdStrike from $430.00 to $500.00 and gave the company a “hold” rating in a research note on Monday, September 22nd. Finally, Cantor Fitzgerald upped their price objective on CrowdStrike from $475.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $483.79.

CrowdStrike Trading Up 1.8%

Shares of CRWD opened at $481.42 on Wednesday. The company has a market capitalization of $120.82 billion, a P/E ratio of -404.55, a P/E/G ratio of 111.17 and a beta of 1.12. CrowdStrike has a one year low of $272.67 and a one year high of $517.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a 50-day moving average price of $443.79 and a 200 day moving average price of $434.70.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.CrowdStrike’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Sell-side analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, President Michael Sentonas sold 11,561 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $495.69, for a total transaction of $5,730,672.09. Following the sale, the president directly owned 399,116 shares in the company, valued at approximately $197,837,810.04. This represents a 2.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 10,706 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total value of $5,306,643.02. Following the sale, the chief financial officer owned 220,424 shares in the company, valued at $109,257,564.08. The trade was a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 129,066 shares of company stock worth $60,934,078. Corporate insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRWD. Brighton Jones LLC grew its holdings in CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock worth $2,670,000 after buying an additional 2,417 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in CrowdStrike in the 4th quarter worth approximately $59,596,000. Park Square Financial Group LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $151,000. Siemens Fonds Invest GmbH grew its holdings in CrowdStrike by 37.3% in the 4th 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 in the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $858,000. 71.16% of the stock is owned by institutional investors.

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.