CrowdStrike (NASDAQ:CRWD) Upgraded to Sector Outperform at Scotiabank

Scotiabank upgraded shares of CrowdStrike (NASDAQ:CRWD) from a sector perform rating to a sector outperform rating in a research note published on Thursday, MarketBeat reports. Scotiabank currently has $600.00 price target on the stock, up from their previous price target of $440.00.

A number of other analysts also recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of CrowdStrike from $492.00 to $535.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft raised their price target on shares of CrowdStrike from $430.00 to $435.00 and gave the stock a “hold” rating in a research report on Thursday, September 18th. Cfra reissued a “hold” rating and set a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. Barclays raised their price target on shares of CrowdStrike from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Finally, Truist Financial raised their price target on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $483.79.

CrowdStrike Stock Down 0.7%

Shares of NASDAQ:CRWD opened at $473.09 on Thursday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 52-week low of $272.67 and a 52-week high of $517.98. The company has a 50 day moving average of $443.68 and a two-hundred day moving average of $433.66. The company has a market capitalization of $118.73 billion, a price-to-earnings ratio of -397.55, a price-to-earnings-growth ratio of 111.93 and a beta of 1.12.

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 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 company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company earned $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. As a group, analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the transaction, the director owned 18,858 shares of the company’s stock, valued at $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Michael Sentonas sold 11,561 shares of CrowdStrike stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.69, for a total transaction of $5,730,672.09. Following the completion of the transaction, the president directly owned 399,116 shares of the company’s stock, valued at approximately $197,837,810.04. This represents a 2.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,066 shares of company stock valued at $60,934,078 over the last quarter. Insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently modified their holdings of CRWD. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike during the first quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC boosted its holdings 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 acquiring an additional 40 shares during the period. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike during the first quarter valued at $26,000. AlphaQuest LLC acquired a new position in shares of CrowdStrike during the second quarter valued at $26,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds 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.