CrowdStrike (NASDAQ:CRWD) Upgraded at DZ Bank

DZ Bank upgraded shares of CrowdStrike (NASDAQ:CRWD) from a strong sell rating to a hold rating in a research note published on Thursday,Zacks.com reports.

A number of other research analysts have also commented on the stock. JMP Securities reiterated a “market outperform” rating and issued a $500.00 price target on shares of CrowdStrike in a research note on Wednesday, June 4th. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research note on Thursday. Jefferies Financial Group reduced their price target on CrowdStrike from $530.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday. Cantor Fitzgerald reissued an “overweight” rating and set a $475.00 price target on shares of CrowdStrike in a research report on Tuesday, August 26th. Finally, BTIG Research reduced their price target on CrowdStrike from $520.00 to $489.00 and set a “buy” rating on the stock in a research report on Thursday. Twenty-four investment analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $460.10.

CrowdStrike Stock Down 4.1%

CrowdStrike stock opened at $423.70 on Thursday. The firm has a market capitalization of $105.61 billion, a PE ratio of -356.05 and a beta of 1.13. The company’s 50-day moving average is $461.47 and its 200-day moving average is $427.47. CrowdStrike has a fifty-two week low of $242.25 and a fifty-two week high of $517.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.85.

CrowdStrike (NASDAQ:CRWD) last announced 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. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $1.04 EPS. CrowdStrike’s quarterly revenue 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. Sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the completion of the transaction, the chief financial officer owned 231,130 shares of the company’s stock, valued at $105,272,781.10. This represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 25,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the president directly owned 422,204 shares of the company’s stock, valued at approximately $201,391,308. The trade was 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 over the last 90 days. Insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Patron Partners LLC lifted its stake in CrowdStrike by 2.1% in the 2nd quarter. Patron Partners LLC now owns 1,076 shares of the company’s stock valued at $548,000 after purchasing an additional 22 shares during the last quarter. Real Talk Capital LLC lifted its stake in CrowdStrike by 0.9% in the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company’s stock valued at $963,000 after purchasing an additional 24 shares during the last quarter. Tradewinds Capital Management LLC raised its stake in shares of CrowdStrike by 20.8% during the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company’s stock valued at $51,000 after acquiring an additional 25 shares during the last quarter. Close Asset Management Ltd raised its stake in shares of CrowdStrike by 23.8% during the first quarter. Close Asset Management Ltd now owns 130 shares of the company’s stock valued at $46,000 after acquiring an additional 25 shares during the last quarter. Finally, Ramirez Asset Management Inc. raised its stake in shares of CrowdStrike by 5.9% during the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company’s stock valued at $159,000 after acquiring an additional 25 shares during 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.