CrowdStrike (NASDAQ:CRWD) Price Target Raised to $510.00 at KeyCorp

Key Points

• KeyCorp has raised its price target for CrowdStrike's stock from $495.00 to $510.00, suggesting a potential upside of 14.48% from the last closing price.
• Other analysts have mixed ratings, with BTIG maintaining a "buy" rating at $489.00 and Barclays raising their target to $515.00.
• CrowdStrike reported $1.17 billion in revenue for the recent quarter, surpassing estimates and showing a year-over-year revenue increase of 21.4%.

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its target price upped by equities research analysts at KeyCorp from $495.00 to $510.00 in a note issued to investors on Thursday, Marketbeat reports. The brokerage currently has an "overweight" rating on the stock. KeyCorp's target price points to a potential upside of 1.47% from the stock's previous close.

A number of other research analysts have also recently commented on CRWD. Evercore ISI decreased their price objective on CrowdStrike from $425.00 to $405.00 and set an "in-line" rating on the stock in a report on Thursday, August 28th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Thursday, August 28th. Canaccord Genuity Group cut their target price on CrowdStrike from $475.00 to $430.00 and set a "hold" rating on the stock in a research report on Thursday, August 28th. Cantor Fitzgerald reissued an "overweight" rating and issued a $475.00 target price on shares of CrowdStrike in a research report on Tuesday, August 26th. Finally, Jefferies Financial Group cut their target price on CrowdStrike from $530.00 to $500.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and an average price target of $471.23.

CrowdStrike Trading Up 12.8%

CRWD traded up $57.13 during trading hours on Thursday, reaching $502.63. The company's stock had a trading volume of 10,102,242 shares, compared to its average volume of 3,333,476. CrowdStrike has a fifty-two week low of $272.67 and a fifty-two week high of $517.98. The stock has a market cap of $126.14 billion, a PE ratio of -422.37, a P/E/G ratio of 104.78 and a beta of 1.12. The business's 50-day moving average is $442.46 and its 200-day moving average is $428.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the prior year, the firm posted $1.04 earnings per share. 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. As a group, equities research analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $447.09, for a total value of $2,794,312.50. Following the completion of the transaction, the director owned 774,761 shares in the company, valued at $346,387,895.49. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction 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 transaction, the chief financial officer owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,734 shares of company stock valued at $67,337,728. Corporate insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently modified their holdings of the company. Patron Partners LLC increased its holdings 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 buying an additional 22 shares in the last quarter. Real Talk Capital LLC increased its holdings in CrowdStrike by 0.9% in the first quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock valued at $963,000 after buying an additional 24 shares in the last quarter. Tradewinds Capital Management LLC increased its holdings in CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after buying an additional 25 shares in the last quarter. Close Asset Management Ltd increased its holdings in CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after buying an additional 25 shares in the last quarter. Finally, Ramirez Asset Management Inc. increased its holdings in 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 in the last quarter. 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.