BTIG Research Cuts CrowdStrike (NASDAQ:CRWD) Price Target to $489.00

Key Points

• BTIG Research has lowered its price target for CrowdStrike (NASDAQ:CRWD) from $520.00 to $489.00, while maintaining a "buy" rating for the stock, indicating a potential upside of 15.51% from the last close.
• Multiple analysts have varied price targets for CrowdStrike, with Citigroup giving an "outperform" rating, while Wells Fargo raised their price target to $550.00 and Evercore ISI set a target of $405.00.
• CrowdStrike reported earnings of $0.93 per share for the latest quarter, exceeding expectations and reflecting a 21.4% year-over-year revenue increase, indicating strong financial performance despite a negative net margin.

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its target price decreased by investment analysts at BTIG Research from $520.00 to $489.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. BTIG Research's price target would suggest a potential upside of 15.51% from the company's previous close.

Other analysts have also recently issued reports about the stock. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Mizuho boosted their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Wells Fargo & Company boosted their price objective on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Roth Capital boosted their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Evercore ISI cut their price objective on shares of CrowdStrike from $425.00 to $405.00 and set an "in-line" rating on the stock in a report on Thursday. Twenty-six investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $462.66.

CrowdStrike Stock Up 0.2%

Shares of NASDAQ CRWD opened at $423.34 on Thursday. CrowdStrike has a 52-week low of $242.25 and a 52-week high of $517.98. The firm has a fifty day moving average of $463.39 and a 200-day moving average of $427.49. The stock has a market capitalization of $105.52 billion, a PE ratio of -612.30 and a beta of 1.13. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the company earned $1.04 EPS. The business's quarterly 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. On average, analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity

In related news, Director Roxanne S. Austin sold 9,447 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the sale, the director owned 18,858 shares in the company, valued at $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the stock in a transaction dated 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 owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,414 shares of company stock valued at $96,794,738 over the last quarter. Corporate insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the business. Patron Partners LLC grew its position in CrowdStrike by 2.1% in the 2nd quarter. Patron Partners LLC now owns 1,076 shares of the company's stock worth $548,000 after purchasing an additional 22 shares during the last quarter. Real Talk Capital LLC grew its position in CrowdStrike by 0.9% in the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock worth $963,000 after purchasing an additional 24 shares during the last quarter. Tradewinds Capital Management LLC grew its position in CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after purchasing an additional 25 shares during the last quarter. Close Asset Management Ltd grew its position in CrowdStrike by 23.8% in the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after purchasing an additional 25 shares during the last quarter. Finally, Ramirez Asset Management Inc. grew its position in CrowdStrike by 5.9% in the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds 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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