CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $475.00 at Needham & Company LLC

CrowdStrike (NASDAQ:CRWD) had its price target trimmed by Needham & Company LLC from $530.00 to $475.00 in a report published on Thursday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently issued reports on CRWD. DA Davidson upped their target price on shares of CrowdStrike from $415.00 to $530.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Evercore ISI decreased their price objective on shares of CrowdStrike from $440.00 to $425.00 and set an “in-line” rating on the stock in a research report on Monday, August 18th. Susquehanna boosted their price target on CrowdStrike from $425.00 to $530.00 and gave the stock a “positive” rating in a report on Wednesday, June 4th. Piper Sandler cut CrowdStrike from an “overweight” rating to a “neutral” rating and set a $505.00 price target on the stock. in a report on Monday, July 7th. Finally, Truist Financial reaffirmed a “buy” rating and set a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $456.98.

CrowdStrike Trading Up 4.6%

NASDAQ:CRWD opened at $442.00 on Thursday. The company has a fifty day moving average of $462.52 and a 200 day moving average of $427.58. CrowdStrike has a 52 week low of $242.25 and a 52 week high of $517.98. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $110.17 billion, a P/E ratio of -371.43 and a beta of 1.13.

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

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the sale, the chief financial officer directly owned 231,130 shares of the company’s stock, valued at $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the sale, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 204,414 shares of company stock valued at $96,794,738. 3.32% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Laurel Wealth Advisors LLC boosted its position in shares of CrowdStrike by 54,635.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock valued at $2,186,714,000 after purchasing an additional 4,285,640 shares during the period. Norges Bank acquired a new stake in CrowdStrike during the 2nd quarter worth approximately $1,638,365,000. Nuveen LLC purchased a new position in shares of CrowdStrike during the 1st quarter worth approximately $595,766,000. Jennison Associates LLC raised its stake in shares of CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock worth $2,314,785,000 after buying an additional 1,144,295 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in CrowdStrike by 50,536.2% in the 1st 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. 71.16% of the stock is 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.