Bank of America Raises CrowdStrike (NASDAQ:CRWD) Price Target to $535.00

Key Points

• Bank of America has raised the price target for CrowdStrike (NASDAQ: CRWD) to $535.00, up from $470.00, while maintaining a "neutral" rating on the stock.
• Several analysts have varied price targets for CrowdStrike; for instance, Piper Sandler decreased their target from $505.00 to $450.00, while Capital One Financial increased theirs from $495.00 to $519.00.
• CrowdStrike reported earnings of $0.93 per share for its last quarter, surpassing estimates, with revenue growth of 21.4% year-over-year.

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its target price boosted by equities research analysts at Bank of America from $470.00 to $535.00 in a research note issued on Monday,MarketScreener reports. The brokerage currently has a "neutral" rating on the stock. Bank of America's target price suggests a potential upside of 6.23% from the company's previous close.

A number of other equities analysts have also recently weighed in on CRWD. Piper Sandler cut their price target on CrowdStrike from $505.00 to $450.00 and set a "neutral" rating for the company in a report on Thursday, August 28th. Mizuho raised their price target on shares of CrowdStrike from $430.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 17th. Morgan Stanley raised their target price on shares of CrowdStrike from $460.00 to $475.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 18th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research note on Wednesday, October 15th. Finally, Capital One Financial raised their price target on CrowdStrike from $495.00 to $519.00 and gave the stock an "overweight" rating in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $496.47.

CrowdStrike Price Performance

CrowdStrike stock opened at $503.61 on Monday. The business has a fifty day moving average of $456.70 and a two-hundred day moving average of $450.85. The company has a market cap of $126.39 billion, a P/E ratio of -423.20, a price-to-earnings-growth ratio of 113.89 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. CrowdStrike has a one year low of $294.68 and a one year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The firm's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the transaction, the director owned 768,511 shares in the company, valued at approximately $315,335,433.52. This trade represents a 0.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurtz sold 42,267 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the sale, the chief executive officer directly owned 2,132,887 shares in the company, valued at $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,090 shares of company stock valued at $75,500,649 over the last ninety days. 3.32% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

Hedge funds have recently added to or reduced their stakes in the business. Cloud Capital Management LLC bought a new stake in shares of CrowdStrike during the first quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after acquiring an additional 40 shares during the period. Vision Financial Markets LLC bought a new position in shares of CrowdStrike in the first quarter valued at approximately $26,000. AlphaQuest LLC acquired a new stake in CrowdStrike in the second quarter worth approximately $26,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the period. 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.

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