CrowdStrike (NASDAQ:CRWD) Price Target Raised to $560.00 at Oppenheimer

Key Points

• Oppenheimer raised CrowdStrike's price target from $520.00 to $560.00, suggesting a potential upside of 16.13% from its current price and maintaining an "outperform" rating.
• The stock has received various ratings, with a consensus of 28 buy ratings, 17 hold ratings, and 2 sell ratings, reflecting strong confidence in CrowdStrike's performance.
• CrowdStrike's quarterly earnings topped expectations, reporting $1.17 billion in revenue and $0.93 earnings per share, marking a 21.4% revenue growth year-over-year.

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price target boosted by analysts at Oppenheimer from $520.00 to $560.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The brokerage presently has an "outperform" rating on the stock. Oppenheimer's price objective would indicate a potential upside of 16.13% from the stock's current price.

Several other research analysts have also recently commented on CRWD. Piper Sandler cut their price target on CrowdStrike from $505.00 to $450.00 and set a "neutral" rating on the stock in a research note on Thursday, August 28th. Daiwa Capital Markets increased their target price on CrowdStrike from $475.00 to $530.00 and gave the company an "outperform" rating in a research note on Wednesday, September 24th. Cantor Fitzgerald raised their price objective on shares of CrowdStrike from $475.00 to $500.00 and gave the stock an "overweight" rating in a report on Thursday, September 18th. Stifel Nicolaus increased their price target on shares of CrowdStrike from $495.00 to $515.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Finally, Truist Financial increased their target price on CrowdStrike from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $494.95.

CrowdStrike Trading Down 1.4%

Shares of CRWD opened at $482.23 on Friday. 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 stock has a market cap of $121.02 billion, a PE ratio of -405.23, a P/E/G ratio of 114.92 and a beta of 1.19. The stock's 50-day moving average is $453.95 and its two-hundred day moving average is $447.49.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the business earned $1.04 EPS. CrowdStrike's quarterly revenue was up 21.4% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Equities analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 17,830 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the transaction, the chief executive officer owned 2,115,057 shares in the company, valued at $1,045,959,138.21. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Burt W. Podbere sold 10,706 shares of CrowdStrike stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the completion of the transaction, the chief financial officer owned 220,424 shares in the company, valued at $109,257,564.08. This trade represents a 4.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 155,743 shares of company stock worth $74,348,319 in the last quarter. Corporate insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its holdings in CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after purchasing an additional 2,417 shares during the period. GAMMA Investing LLC boosted its stake in CrowdStrike by 43.6% during the first quarter. GAMMA Investing LLC now owns 3,082 shares of the company's stock worth $1,087,000 after buying an additional 936 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its position in shares of CrowdStrike by 9.2% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 1,048 shares of the company's stock valued at $370,000 after acquiring an additional 88 shares in the last quarter. Clarius Group LLC raised its holdings in shares of CrowdStrike by 15.1% in the 1st quarter. Clarius Group LLC now owns 1,046 shares of the company's stock worth $369,000 after buying an additional 137 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in shares of CrowdStrike by 6.5% during the 1st quarter. Cornerstone Wealth Management LLC now owns 1,984 shares of the company's stock worth $700,000 after buying an additional 121 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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