CrowdStrike (NASDAQ:CRWD) Price Target Raised to $540.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised CrowdStrike's target price to $540, indicating a potential upside of 9.39% from its previous close, while maintaining an "outperform" rating on the stock.
• CrowdStrike's average rating is currently a "Moderate Buy" with a consensus target price of $494.02, supported by reports from various research firms.
• The company's recent earnings report revealed a revenue increase of 21.4% year-over-year, with earnings per share surpassing expectations at $0.93.

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its target price lifted by equities research analysts at Royal Bank Of Canada from $510.00 to $540.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 9.39% from the company's previous close.

Other research analysts have also recently issued reports about the stock. Canaccord Genuity Group boosted their target price on shares of CrowdStrike from $430.00 to $500.00 and gave the stock a "hold" rating in a research report on Monday, September 22nd. Evercore ISI boosted their price objective on shares of CrowdStrike from $405.00 to $430.00 in a report on Thursday, September 18th. Scotiabank raised shares of CrowdStrike from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $440.00 to $600.00 in a research report on Thursday, September 25th. Barclays lifted their target price on CrowdStrike from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday, September 18th. Finally, Citigroup restated an "outperform" rating on shares of CrowdStrike in a research note on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $494.02.

CrowdStrike Trading Down 3.0%

NASDAQ:CRWD opened at $493.66 on Monday. The business's 50-day moving average is $450.04 and its two-hundred day moving average is $444.95. 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 has a 12 month low of $294.68 and a 12 month high of $517.98. The firm has a market capitalization of $123.89 billion, a PE ratio of -414.84, a price-to-earnings-growth ratio of 116.01 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results 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 the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The company's revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Research analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the sale, the director directly owned 768,511 shares in the company, valued at approximately $315,335,433.52. The trade was a 0.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the sale, the chief financial officer directly owned 231,130 shares in the company, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 157,816 shares of company stock worth $75,331,356 in the last quarter. Insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. raised its position in shares of CrowdStrike by 20.4% during the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after purchasing an additional 215 shares during the period. Bessemer Group Inc. increased its position in CrowdStrike by 4.6% in the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after buying an additional 98 shares during the period. Geneos Wealth Management Inc. lifted its stake in CrowdStrike by 33.2% in the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock valued at $8,483,000 after buying an additional 5,998 shares during the last quarter. Benchmark Investment Advisors LLC boosted its holdings in shares of CrowdStrike by 90.8% during the first quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock valued at $3,613,000 after acquiring an additional 4,877 shares during the period. Finally, Ascent Group LLC acquired a new position in shares of CrowdStrike during the first quarter valued at $1,596,000. 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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