CrowdStrike (NASDAQ:CRWD) Given New $525.00 Price Target at Wedbush

Key Points

• Wedbush has lowered its price target for CrowdStrike (NASDAQ:CRWD) from $575.00 to $525.00, while maintaining an "outperform" rating, indicating a potential upside of 22.77% from the stock's previous close.
• The company recently reported quarterly earnings of $0.93 EPS, exceeding analyst expectations, with revenue of $1.17 billion, a 21.4% increase year-over-year.
• Insider trading activity revealed that Director Denis Oleary sold 15,680 shares for approximately $7.35 million, marking a notable decrease of 29.82% in his position.

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price objective lowered by analysts at Wedbush from $575.00 to $525.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Wedbush's price target suggests a potential upside of 22.77% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus lifted their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $475.00 price target (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. DZ Bank downgraded shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target for the company. in a research note on Thursday, May 22nd. Morgan Stanley reaffirmed an "equal weight" rating and issued a $495.00 price target (up from $490.00) on shares of CrowdStrike in a research note on Monday, July 14th. Finally, BMO Capital Markets decreased their target price on shares of CrowdStrike from $500.00 to $460.00 and set an "outperform" rating for the company in a research report on Monday. Twenty-six 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $461.93.

CrowdStrike Stock Up 1.2%

Shares of CRWD opened at $427.62 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $106.58 billion, a PE ratio of -594.08 and a beta of 1.13. The firm's 50 day moving average is $463.39 and its 200-day moving average is $427.49. CrowdStrike has a 12 month low of $242.25 and a 12 month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In related news, Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the completion of the transaction, the director directly owned 36,906 shares of the company's stock, valued at $17,306,330.58. This trade represents a 29.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the transaction, the chief financial officer owned 231,130 shares in the company, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 204,414 shares of company stock valued at $96,794,738. Company insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of CrowdStrike by 2.6% during the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company's stock worth $11,933,425,000 after acquiring an additional 596,007 shares during the last quarter. State Street Corp boosted its holdings in CrowdStrike by 3.6% during the 2nd quarter. State Street Corp now owns 10,804,651 shares of the company's stock valued at $5,502,917,000 after acquiring an additional 370,965 shares during the period. Jennison Associates LLC increased its stake in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after buying an additional 1,144,295 shares during the period. Geode Capital Management LLC grew its stake in CrowdStrike by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company's stock worth $2,903,752,000 after acquiring an additional 273,922 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its stake in CrowdStrike by 54,635.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company's stock worth $2,186,714,000 after acquiring an additional 4,285,640 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

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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