CrowdStrike (NASDAQ:CRWD) Price Target Cut to $450.00 by Analysts at Piper Sandler

CrowdStrike (NASDAQ:CRWD) had its price objective lowered by Piper Sandler from $505.00 to $450.00 in a research report sent to investors on Thursday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

A number of other brokerages have also recently issued reports on CRWD. Stephens upped their target price on shares of CrowdStrike from $450.00 to $540.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Canaccord Genuity Group restated a “hold” rating and set a $475.00 target price (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Needham & Company LLC reduced their price target on shares of CrowdStrike from $530.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research report on Thursday. Finally, The Goldman Sachs Group raised their target price on shares of CrowdStrike from $389.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Twenty-five analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $456.98.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $442.00 on Thursday. The firm has a market capitalization of $110.17 billion, a PE ratio of -371.43 and a beta of 1.13. The firm has a 50-day moving average price of $462.52 and a 200 day moving average price of $427.58. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 12-month low of $242.25 and a 12-month high of $517.98.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.58%. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the firm 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. Research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 42,267 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the transaction, the chief executive officer directly owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the sale, the chief financial officer directly owned 231,130 shares in the company, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 204,414 shares of company stock valued at $96,794,738 in the last quarter. 3.32% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in CrowdStrike by 20.4% during the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company’s stock worth $447,000 after acquiring an additional 215 shares during the period. OLD National Bancorp IN purchased a new stake in shares of CrowdStrike in the 1st quarter valued at $248,000. Bessemer Group Inc. boosted its stake in shares of CrowdStrike by 4.6% in the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company’s stock valued at $783,000 after purchasing an additional 98 shares in the last quarter. CX Institutional purchased a new stake in shares of CrowdStrike in the 1st quarter valued at $175,000. Finally, Ritholtz Wealth Management boosted its stake in shares of CrowdStrike by 23.8% in the 1st quarter. Ritholtz Wealth Management now owns 3,824 shares of the company’s stock valued at $1,348,000 after purchasing an additional 736 shares in the last quarter. 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.