CrowdStrike (NASDAQ:CRWD) Given New $550.00 Price Target at Truist Financial

CrowdStrike (NASDAQ:CRWD) had its price target increased by Truist Financial from $500.00 to $550.00 in a research report sent to investors on Thursday, Marketbeat reports. Truist Financial currently has a buy rating on the stock.

Several other analysts have also recently commented on the stock. Barclays boosted their price target on shares of CrowdStrike from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday. New Street Research set a $460.00 target price on CrowdStrike in a research report on Thursday, August 28th. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research note on Thursday. Sanford C. Bernstein reduced their price objective on CrowdStrike from $371.00 to $343.00 and set a “market perform” rating on the stock in a research note on Thursday, August 28th. Finally, Zacks Research raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned 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 target price of $471.23.

CrowdStrike Stock Up 12.8%

NASDAQ CRWD opened at $502.63 on Thursday. CrowdStrike has a 12 month low of $272.67 and a 12 month high of $517.98. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a market cap of $126.14 billion, a PE ratio of -422.37, a P/E/G ratio of 104.78 and a beta of 1.12. The stock’s 50 day moving average is $442.46 and its 200 day moving average is $428.94.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the business posted $1.04 earnings per share. The company’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. Research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, Director Roxanne S. Austin sold 15,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the sale, the director owned 18,858 shares in the company, valued at approximately $9,385,060.86. This represents a 44.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $447.09, for a total value of $2,794,312.50. Following the completion of the sale, the director owned 774,761 shares of the company’s stock, valued at approximately $346,387,895.49. This represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,734 shares of company stock worth $67,337,728. Company insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of large investors have recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in CrowdStrike in the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after buying an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in shares of CrowdStrike in the first quarter worth approximately $26,000. AlphaQuest LLC bought a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $26,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 58 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.