CrowdStrike (NASDAQ:CRWD) Trading Up 1.3% on Analyst Upgrade

Shares of CrowdStrike (NASDAQ:CRWD) rose 1.3% on Wednesday after Jefferies Financial Group raised their price target on the stock from $515.00 to $600.00. Jefferies Financial Group currently has a buy rating on the stock. CrowdStrike traded as high as $525.98 and last traded at $520.59. Approximately 1,495,364 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 3,456,424 shares. The stock had previously closed at $513.67.

Several other brokerages also recently weighed in on CRWD. Canaccord Genuity Group upped their price objective on CrowdStrike from $430.00 to $500.00 and gave the stock a “hold” rating in a research report on Monday, September 22nd. Rosenblatt Securities increased their target price on shares of CrowdStrike from $550.00 to $630.00 and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their price target on shares of CrowdStrike from $430.00 to $435.00 and gave the company a “hold” rating in a research note on Thursday, September 18th. DA Davidson lifted their price target on shares of CrowdStrike from $490.00 to $515.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Finally, Stephens increased their price objective on shares of CrowdStrike from $525.00 to $590.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $537.49.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the transaction, the director directly owned 768,511 shares of the company’s stock, valued at $315,335,433.52. This trade represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 10,706 shares of CrowdStrike stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $495.67, for a total value of $5,306,643.02. Following the transaction, the chief financial officer directly owned 220,424 shares in the company, valued at $109,257,564.08. The trade was a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 116,622 shares of company stock worth $58,561,456 over the last ninety days. Insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently made changes to their positions in the stock. Asset Planning Inc bought a new position in CrowdStrike during the 3rd quarter worth approximately $25,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of CrowdStrike in the 3rd quarter valued at $25,000. Anchor Investment Management LLC acquired a new stake in shares of CrowdStrike during the third quarter worth $25,000. AlphaQuest LLC acquired a new stake in shares of CrowdStrike during the second quarter worth $26,000. Finally, Logan Capital Management Inc. bought a new position in CrowdStrike during the third quarter worth $26,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Up 1.3%

The firm has a market cap of $130.65 billion, a price-to-earnings ratio of -437.47, a price-to-earnings-growth ratio of 120.71 and a beta of 1.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The firm’s fifty day moving average is $505.50 and its 200-day moving average is $473.58.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping 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 the consensus estimate of $1.15 billion. During the same period last year, the business posted $1.04 EPS. The business’s revenue was up 21.4% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Equities analysts anticipate that CrowdStrike will post 0.55 earnings per share 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.