CrowdStrike (NASDAQ:CRWD) Trading Up 2.5% After Strong Earnings

Shares of CrowdStrike (NASDAQ:CRWD) were up 2.5% on Tuesday following a better than expected earnings announcement. The stock traded as high as $521.00 and last traded at $516.55. Approximately 4,739,375 shares changed hands during mid-day trading, an increase of 39% from the average daily volume of 3,420,558 shares. The stock had previously closed at $504.13.

The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.CrowdStrike’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the company posted $0.93 EPS. CrowdStrike has set its FY 2026 guidance at 3.700-3.720 EPS and its Q4 2026 guidance at 1.090-1.110 EPS.

Analysts Set New Price Targets

Several analysts have issued reports on CRWD shares. Stephens boosted their target price 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. Canaccord Genuity Group upped their price target on CrowdStrike from $430.00 to $500.00 and gave the company a “hold” rating in a research report on Monday, September 22nd. Weiss Ratings restated a “sell (d)” rating on shares of CrowdStrike in a research report on Wednesday, October 8th. Cantor Fitzgerald lifted their target price on CrowdStrike from $500.00 to $590.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Finally, Arete raised shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $706.00 price target for the company in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $549.89.

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,000 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the transaction, the president directly owned 354,116 shares in the company, valued at $182,369,740. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $550.20, for a total value of $2,751,000.00. Following the completion of the sale, the director directly owned 765,456 shares of the company’s stock, valued at $421,153,891.20. This represents a 0.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 116,622 shares of company stock valued at $58,561,456 in the last three months. 3.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently added to or reduced their stakes in the stock. Advyzon Investment Management LLC increased its holdings in CrowdStrike by 142.9% in the 2nd quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock worth $461,000 after purchasing an additional 533 shares in the last quarter. Draper Asset Management LLC grew its holdings in shares of CrowdStrike by 59.1% during the second quarter. Draper Asset Management LLC now owns 4,358 shares of the company’s stock worth $2,176,000 after purchasing an additional 1,619 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new stake in shares of CrowdStrike during the second quarter worth about $397,000. Geneos Wealth Management Inc. increased its stake in shares of CrowdStrike by 33.2% in the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company’s stock valued at $8,483,000 after buying an additional 5,998 shares during the period. Finally, Accel Wealth Management bought a new position in CrowdStrike in the 2nd quarter valued at approximately $269,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 2.5%

The business’s fifty day moving average is $512.64 and its 200-day moving average is $478.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $129.63 billion, a P/E ratio of -434.07, a price-to-earnings-growth ratio of 118.84 and a beta of 1.09.

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.