Canaccord Genuity Group Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its price objective boosted by Canaccord Genuity Group from $500.00 to $515.00 in a research note released on Wednesday,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company raised their price objective on shares of CrowdStrike from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. The Goldman Sachs Group raised their target price on CrowdStrike from $535.00 to $564.00 and gave the stock a “buy” rating in a research report on Wednesday. DZ Bank downgraded CrowdStrike from a “hold” rating to a “sell” rating and set a $440.00 price target on the stock. in a report on Wednesday, September 24th. KeyCorp upped their price target on CrowdStrike from $510.00 to $570.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of CrowdStrike in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $554.09.

CrowdStrike Trading Up 1.5%

Shares of CRWD opened at $524.17 on Wednesday. The business’s 50-day moving average price is $513.60 and its 200 day moving average price is $478.78. 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 stock has a market capitalization of $131.55 billion, a P/E ratio of -416.01, a P/E/G ratio of 121.77 and a beta of 1.09. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, December 2nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.94 by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.20%. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the company posted $0.93 earnings per share. 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 expect that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity at CrowdStrike

In other news, Director Johanna Flower sold 2,347 shares of CrowdStrike stock in a transaction dated 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 completion of the sale, the director directly owned 79,057 shares in the company, valued at $38,815,405.86. The trade was a 2.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Sentonas sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $515.00, for a total value of $5,150,000.00. Following the completion of the sale, the president directly owned 354,116 shares of the company’s stock, valued at approximately $182,369,740. The trade was a 2.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 110,372 shares of company stock worth $55,996,956. 3.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CRWD. Asset Planning Inc bought a new stake in CrowdStrike in the 3rd quarter valued at $25,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of CrowdStrike during the 3rd quarter worth about $25,000. Anchor Investment Management LLC acquired a new stake in shares of CrowdStrike during the 3rd quarter valued at about $25,000. AlphaQuest LLC bought a new stake in CrowdStrike in the second quarter valued at about $26,000. Finally, Logan Capital Management Inc. bought a new stake in CrowdStrike in the third quarter valued at about $26,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Company Profile

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.