Westpark Capital Reiterates Hold Rating for CrowdStrike (NASDAQ:CRWD)

CrowdStrike (NASDAQ:CRWD)‘s stock had its “hold” rating reaffirmed by research analysts at Westpark Capital in a research note issued to investors on Wednesday,Benzinga reports.

A number of other research firms also recently issued reports on CRWD. Canaccord Genuity Group boosted their target price on shares of CrowdStrike from $430.00 to $500.00 and gave the company a “hold” rating in a research report on Monday, September 22nd. DA Davidson boosted their target price on shares of CrowdStrike from $490.00 to $515.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Cfra restated a “hold” rating and set a $555.00 target price (up from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. The Goldman Sachs Group boosted their target price on shares of CrowdStrike from $492.00 to $535.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Piper Sandler decreased their target price on shares of CrowdStrike from $505.00 to $450.00 and set a “neutral” rating for the company in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $494.02.

CrowdStrike Trading Down 1.4%

NASDAQ:CRWD opened at $482.23 on Wednesday. CrowdStrike has a 12 month low of $294.68 and a 12 month high of $517.98. The firm has a fifty day simple moving average of $453.95 and a 200-day simple moving average of $447.49. 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 company has a market capitalization of $121.02 billion, a P/E ratio of -405.23, a PEG ratio of 114.92 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. On average, equities research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 20,000 shares of CrowdStrike stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total value of $10,000,000.00. Following the completion of the transaction, the president owned 379,116 shares of the company’s stock, valued at approximately $189,558,000. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the transaction, the chief executive officer directly owned 2,132,887 shares of the company’s stock, valued at $960,801,606.89. The trade was a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 155,743 shares of company stock worth $74,348,319 over the last three months. Corporate insiders own 3.32% of the company’s stock.

Institutional Trading of CrowdStrike

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of CrowdStrike by 2.6% during the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock worth $11,933,425,000 after purchasing an additional 596,007 shares in the last quarter. State Street Corp increased its stake in shares of CrowdStrike by 3.6% during the second quarter. State Street Corp now owns 10,804,651 shares of the company’s stock worth $5,502,917,000 after purchasing an additional 370,965 shares in the last quarter. Jennison Associates LLC increased its stake in shares of CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of CrowdStrike by 5.0% during the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock worth $2,903,752,000 after purchasing an additional 273,922 shares in the last quarter. Finally, Laurel Wealth Advisors LLC increased its stake in shares of CrowdStrike by 54,635.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after purchasing an additional 4,285,640 shares in the last quarter. Hedge funds and other 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.