CrowdStrike (NASDAQ:CRWD) Price Target Cut to $430.00 by Analysts at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has lowered its price target for CrowdStrike from $475.00 to $430.00, maintaining a "hold" rating, indicating a potential downside of 1.92% from the current stock price.
• The stock has received mixed ratings with 26 analysts giving it a "Buy," 18 a "Hold," and one a "Sell," leading to a consensus rating of "Moderate Buy" with an average price target of $455.10.
• Despite the price target cut, CrowdStrike's shares traded up $15.80 to $438.41 during midday trading, with a reported yearly revenue increase of 21.4% compared to the previous year.

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price objective dropped by equities research analysts at Canaccord Genuity Group from $475.00 to $430.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "hold" rating on the stock. Canaccord Genuity Group's price target points to a potential downside of 1.92% from the stock's current price.

A number of other equities research analysts have also recently weighed in on CRWD. Susquehanna raised their price target on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a report on Wednesday, June 4th. Wells Fargo & Company raised their target price on CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Evercore ISI lowered their target price on CrowdStrike from $425.00 to $405.00 and set an "in-line" rating for the company in a research note on Thursday. Stifel Nicolaus raised their price objective on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, BTIG Research lowered their price objective on shares of CrowdStrike from $520.00 to $489.00 and set a "buy" rating for the company in a research report on Thursday. Twenty-six equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $455.10.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $15.80 during mid-day trading on Thursday, reaching $438.41. 7,972,332 shares of the stock were exchanged, compared to its average volume of 3,715,187. The company has a market cap of $109.27 billion, a price-to-earnings ratio of -636.17 and a beta of 1.13. 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 firm has a 50-day simple moving average of $463.39 and a 200 day simple moving average of $427.49. CrowdStrike has a fifty-two week low of $242.25 and a fifty-two week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.10. The company had revenue of $1.17 billion during 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 company's revenue was up 21.4% on a year-over-year basis. During the same quarter last 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. On average, sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In other news, Director Roxanne S. Austin sold 9,447 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the transaction, the director directly owned 18,858 shares in the company, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $447.09, for a total value of $2,794,312.50. Following the transaction, the director owned 774,761 shares of the company's stock, valued at $346,387,895.49. The trade was a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 204,414 shares of company stock worth $96,794,738. Corporate insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently made changes to their positions in CRWD. Patron Partners LLC grew its stake in CrowdStrike by 2.1% in the second quarter. Patron Partners LLC now owns 1,076 shares of the company's stock valued at $548,000 after acquiring an additional 22 shares during the period. Real Talk Capital LLC grew its position in shares of CrowdStrike by 0.9% in the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock valued at $963,000 after purchasing an additional 24 shares during the period. Tradewinds Capital Management LLC grew its position in shares of CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares during the period. Close Asset Management Ltd grew its position in shares of CrowdStrike by 23.8% in the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after purchasing an additional 25 shares during the period. Finally, Ramirez Asset Management Inc. boosted its holdings in shares of CrowdStrike by 5.9% in the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds 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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