CrowdStrike (NASDAQ:CRWD) Shares Gap Up Following Analyst Upgrade

CrowdStrike (NASDAQ:CRWD) shares gapped up prior to trading on Thursday after DA Davidson raised their price target on the stock from $490.00 to $515.00. The stock had previously closed at $445.50, but opened at $468.93. DA Davidson currently has a buy rating on the stock. CrowdStrike shares last traded at $491.30, with a volume of 3,052,113 shares trading hands.

Several other analysts also recently commented on CRWD. DZ Bank raised shares of CrowdStrike from a “strong sell” rating to a “hold” rating in a report on Thursday, August 28th. KeyCorp boosted their target price on shares of CrowdStrike from $495.00 to $510.00 and gave the company an “overweight” rating in a research report on Thursday. Scotiabank dropped their target price on shares of CrowdStrike from $480.00 to $440.00 and set a “sector perform” rating for the company in a research report on Thursday, August 28th. Canaccord Genuity Group lowered their price objective on shares of CrowdStrike from $475.00 to $430.00 and set a “hold” rating for the company in a research report on Thursday, August 28th. Finally, UBS Group decreased their price target on shares of CrowdStrike from $545.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nineteen have assigned a Hold rating to the company. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $471.23.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 42,267 shares of the firm’s 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 transaction, the chief executive officer directly owned 2,132,887 shares of the company’s stock, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $447.09, for a total transaction of $2,794,312.50. Following the completion of the transaction, the director directly owned 774,761 shares in the company, valued at $346,387,895.49. This trade represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 143,734 shares of company stock valued at $67,337,728. Corporate insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Blue Trust Inc. raised its position in CrowdStrike by 20.4% in the first 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 position in shares of CrowdStrike in the first quarter worth about $248,000. Bessemer Group Inc. grew its stake in CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company’s stock valued at $783,000 after acquiring an additional 98 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in CrowdStrike by 33.2% during the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company’s stock valued at $8,483,000 after acquiring an additional 5,998 shares in the last quarter. Finally, Benchmark Investment Advisors LLC grew its stake in CrowdStrike by 90.8% during the first quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company’s stock valued at $3,613,000 after acquiring an additional 4,877 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 12.8%

The firm has a market capitalization of $126.14 billion, a P/E ratio of -422.37, a price-to-earnings-growth ratio of 104.78 and a beta of 1.12. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $442.46 and its 200-day simple moving average is $428.94.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business posted $1.04 earnings per share. CrowdStrike’s revenue for the quarter 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. Analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

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.