CrowdStrike (NASDAQ:CRWD) Price Target Cut to $489.00 by Analysts at BTIG Research

CrowdStrike (NASDAQ:CRWD) had its price target decreased by BTIG Research from $520.00 to $489.00 in a report released on Thursday morning, Marketbeat Ratings reports. BTIG Research currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on CRWD. Rosenblatt Securities reduced their price target on shares of CrowdStrike from $515.00 to $490.00 and set a “buy” rating on the stock in a research report on Thursday. DA Davidson lifted their price target on shares of CrowdStrike from $415.00 to $530.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $475.00 price target on shares of CrowdStrike in a research report on Tuesday. Stifel Nicolaus lifted their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, Stephens lifted their price target on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Twenty-five investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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 cap of $110.17 billion, a price-to-earnings ratio of -371.43 and a beta of 1.13. The company has a 50 day moving average of $462.52 and a 200-day moving average of $427.58. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 1-year low of $242.25 and a 1-year high of $517.98.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business posted $1.04 earnings per share. CrowdStrike’s revenue for the quarter was up 21.4% compared to the same quarter last year. 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 forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $447.09, for a total transaction of $2,794,312.50. Following the sale, the director directly owned 774,761 shares of the company’s stock, valued at $346,387,895.49. The trade was a 0.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Burt W. Podbere sold 11,883 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were 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. The trade was a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,414 shares of company stock worth $96,794,738. 3.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CRWD. Laurel Wealth Advisors LLC grew its position in shares of CrowdStrike by 54,635.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after purchasing an additional 4,285,640 shares in the last quarter. Norges Bank acquired a new position in shares of CrowdStrike during the 2nd quarter worth approximately $1,638,365,000. Nuveen LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth approximately $595,766,000. Jennison Associates LLC increased its stake in CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company’s stock valued at $383,132,000 after purchasing an additional 1,084,506 shares in the last quarter. Institutional investors and hedge funds 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.