CrowdStrike (NASDAQ:CRWD) Hits New 1-Year High - Time to Buy?

Key Points

• CrowdStrike's shares reached a new 52-week high, trading at $520.98, indicating strong market performance.
• Brokerages have boosted their target prices for CrowdStrike, with Wells Fargo raising its target from $550 to $600, reflecting positive market sentiment.
• The company's earnings report showed a 21.4% year-over-year revenue increase, with an EPS of $0.93, surpassing analyst expectations.

Shares of CrowdStrike (NASDAQ:CRWD - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $520.98 and last traded at $516.98, with a volume of 903829 shares changing hands. The stock had previously closed at $500.11.

Wall Street Analyst Weigh In

A number of brokerages have commented on CRWD. New Street Research set a $460.00 target price on shares of CrowdStrike in a report on Thursday, August 28th. KeyCorp upped their target price on shares of CrowdStrike from $495.00 to $510.00 and gave the company an "overweight" rating in a report on Thursday, September 18th. Barclays upped their target price on shares of CrowdStrike from $500.00 to $515.00 and gave the company an "overweight" rating in a report on Thursday, September 18th. BTIG Research reaffirmed a "buy" rating and set a $489.00 target price on shares of CrowdStrike in a report on Thursday, September 18th. Finally, Wells Fargo & Company upped their target price on shares of CrowdStrike from $550.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $496.47.

CrowdStrike Price Performance

The firm has a 50 day moving average of $459.42 and a 200-day moving average of $451.56. The company has a market cap of $130.23 billion, a P/E ratio of -435.68, a P/E/G ratio of 118.42 and a beta of 1.19. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results 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 return on equity of 1.53% and a negative net margin of 6.84%.The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company earned $1.04 EPS. The firm's quarterly revenue was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, equities research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $410.32, for a total transaction 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 represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael Sentonas sold 20,000 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the transaction, the president owned 379,116 shares of the company's stock, valued at approximately $189,558,000. This represents a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 158,090 shares of company stock worth $75,500,649 in the last three months. Insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AlphaQuest LLC bought a new position in CrowdStrike during the second quarter valued at $26,000. Howard Hughes Medical Institute bought a new position in CrowdStrike during the second quarter valued at $27,000. Financial Gravity Companies Inc. bought a new position in CrowdStrike during the second quarter valued at $33,000. Financial Management Professionals Inc. lifted its position in CrowdStrike by 91.9% during the second quarter. Financial Management Professionals Inc. now owns 71 shares of the company's stock valued at $36,000 after purchasing an additional 34 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in CrowdStrike during the second quarter valued at $36,000. 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.

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