CrowdStrike (NASDAQ:CRWD) Trading 1.5% Higher Following Analyst Upgrade

Shares of CrowdStrike (NASDAQ:CRWD) traded up 1.5% during trading on Friday after Robert W. Baird raised their price target on the stock from $490.00 to $550.00. Robert W. Baird currently has a neutral rating on the stock. CrowdStrike traded as high as $544.04 and last traded at $537.55. 1,936,133 shares were traded during mid-day trading, a decline of 44% from the average session volume of 3,478,807 shares. The stock had previously closed at $529.78.

A number of other research firms have also commented on CRWD. Rosenblatt Securities reaffirmed a “buy” rating and issued a $490.00 price objective on shares of CrowdStrike in a research note on Thursday, September 18th. Wedbush boosted their target price on shares of CrowdStrike from $525.00 to $600.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Sanford C. Bernstein decreased their price target on CrowdStrike from $371.00 to $343.00 and set a “market perform” rating for the company in a report on Thursday, August 28th. Canaccord Genuity Group boosted their price objective on CrowdStrike from $430.00 to $500.00 and gave the company a “hold” rating in a research note on Monday, September 22nd. Finally, Morgan Stanley raised their target price on CrowdStrike from $475.00 to $515.00 and gave the stock an “equal weight” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $516.93.

Insider Activity

In other news, Director Johanna Flower sold 2,347 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $490.98, for a total transaction of $1,152,330.06. Following the transaction, the director directly owned 79,057 shares of the company’s stock, valued at $38,815,405.86. This represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 10,000 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $515.00, for a total value of $5,150,000.00. Following the completion of the transaction, the president owned 354,116 shares in the company, valued at approximately $182,369,740. This represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 116,622 shares of company stock valued at $58,561,456. Corporate insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Edgestream Partners L.P. purchased a new position in CrowdStrike in the 1st quarter valued at about $798,000. Cullen Frost Bankers Inc. grew its stake in shares of CrowdStrike by 4.3% during the first quarter. Cullen Frost Bankers Inc. now owns 1,095 shares of the company’s stock valued at $386,000 after acquiring an additional 45 shares in the last quarter. Graypoint LLC grew its stake in shares of CrowdStrike by 12.5% during the first quarter. Graypoint LLC now owns 1,100 shares of the company’s stock valued at $388,000 after acquiring an additional 122 shares in the last quarter. Finally, Forum Financial Management LP increased its position in shares of CrowdStrike by 4.7% during the first quarter. Forum Financial Management LP now owns 1,317 shares of the company’s stock worth $464,000 after acquiring an additional 59 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

The firm has a market cap of $134.90 billion, a price-to-earnings ratio of -451.72, a PEG ratio of 124.49 and a beta of 1.16. 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 company has a 50 day moving average of $499.74 and a 200 day moving average of $471.46.

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. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm earned $1.04 EPS. CrowdStrike’s quarterly revenue 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, equities research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal 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.