CrowdStrike’s (CRWD) Buy Rating Reaffirmed at BTIG Research

BTIG Research reissued their buy rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note issued to investors on Thursday,Benzinga reports. BTIG Research currently has a $489.00 target price on the stock.

CRWD has been the topic of a number of other reports. Piper Sandler dropped their price target on shares of CrowdStrike from $505.00 to $450.00 and set a “neutral” rating on the stock in a research report on Thursday, August 28th. Bank of America reissued a “neutral” rating and set a $470.00 target price (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. BMO Capital Markets set a $450.00 target price on CrowdStrike in a research report on Thursday, August 28th. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research report on Thursday, August 28th. Finally, Stifel Nicolaus upped their price objective on CrowdStrike from $480.00 to $495.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nineteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $471.23.

CrowdStrike Trading Up 12.8%

Shares of CRWD stock opened at $502.63 on Thursday. CrowdStrike has a 1 year low of $272.67 and a 1 year high of $517.98. The firm has a market capitalization of $126.14 billion, a PE ratio of -422.37, a price-to-earnings-growth ratio of 104.78 and a beta of 1.12. The stock has a fifty day moving average of $442.46 and a two-hundred day moving average of $428.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data 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. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company’s revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. As a group, research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Insiders Place Their Bets

In other news, Director Roxanne S. Austin sold 15,000 shares of the business’s 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 directly owned 18,858 shares of the company’s stock, valued at $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 11,527 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $471.20, for a total value of $5,431,522.40. Following the completion of the transaction, the president owned 410,677 shares of the company’s stock, valued at $193,511,002.40. This trade represents a 2.73% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,734 shares of company stock worth $67,337,728. Corporate insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the company. Laurel Wealth Advisors LLC boosted its position in 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 acquiring an additional 4,285,640 shares during the period. Norges Bank acquired a new stake in shares of CrowdStrike during the second quarter worth approximately $1,638,365,000. Nuveen LLC purchased a new position in CrowdStrike during the first quarter valued at approximately $595,766,000. Jennison Associates LLC increased its stake in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after buying an additional 1,144,295 shares during the period. Finally, GAMMA Investing LLC lifted its position in CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company’s stock worth $383,132,000 after buying an additional 1,084,506 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.