CrowdStrike (NASDAQ:CRWD) Price Target Cut to $430.00 by Analysts at Canaccord Genuity Group

CrowdStrike (NASDAQ:CRWD) had its price target decreased by Canaccord Genuity Group from $475.00 to $430.00 in a research note released on Thursday morning,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

CRWD has been the topic of a number of other research reports. Wells Fargo & Company increased their price objective on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. Stephens increased their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Evercore ISI dropped their price objective on shares of CrowdStrike from $425.00 to $405.00 and set an “in-line” rating on the stock in a report on Thursday. Wedbush reaffirmed a “buy” rating on shares of CrowdStrike in a report on Thursday. Finally, BMO Capital Markets dropped their price objective on shares of CrowdStrike from $500.00 to $460.00 and set an “outperform” rating on the stock in a report on Monday. Twenty-five research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $456.98.

CrowdStrike Trading Up 4.6%

CrowdStrike stock opened at $442.00 on Thursday. The firm’s 50-day moving average is $462.52 and its 200-day moving average is $427.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a 1 year low of $242.25 and a 1 year high of $517.98. The company has a market cap of $110.17 billion, a P/E ratio of -371.43 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.58%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted $1.04 EPS. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, equities analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity

In other news, Director Roxanne S. Austin sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the completion of the transaction, the director owned 18,858 shares in the company, valued at approximately $9,385,060.86. This trade represents a 44.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Michael Sentonas sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the transaction, the president owned 422,204 shares of the company’s stock, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,414 shares of company stock worth $96,794,738 in the last 90 days. 3.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently made changes to their positions in CRWD. Brighton Jones LLC boosted its position in shares of CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of CrowdStrike by 30.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 915 shares of the company’s stock valued at $313,000 after purchasing an additional 215 shares in the last quarter. Utah Retirement Systems boosted its position in shares of CrowdStrike by 1.7% during the 4th quarter. Utah Retirement Systems now owns 38,168 shares of the company’s stock valued at $13,060,000 after purchasing an additional 644 shares in the last quarter. Voleon Capital Management LP bought a new position in shares of CrowdStrike during the 4th quarter valued at about $983,000. Finally, Rehmann Capital Advisory Group boosted its position in shares of CrowdStrike by 4.7% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,264 shares of the company’s stock valued at $775,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

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.