CrowdStrike (NASDAQ:CRWD) Receives "Outperform" Rating from Oppenheimer

Key Points

• CrowdStrike received an "outperform" rating from Oppenheimer, with a price target of $520.00, indicating a potential upside of 18.67% from its previous close.
• Other analysts have differing views, with Rosenblatt Securities lowering their target price to $490.00, while Raymond James recent raised theirs to $485.00.
• CrowdStrike's stock recently traded at $438.18, reflecting a 3.7% increase during the trading day, as the company reported a 21.4% year-over-year revenue growth.

CrowdStrike (NASDAQ:CRWD - Get Free Report)'s stock had its "outperform" rating restated by Oppenheimer in a research note issued to investors on Thursday,Benzinga reports. They presently have a $520.00 price objective on the stock. Oppenheimer's price objective suggests a potential upside of 18.67% from the stock's previous close.

A number of other analysts have also recently weighed in on CRWD. Rosenblatt Securities cut their target price on shares of CrowdStrike from $515.00 to $490.00 and set a "buy" rating for the company in a research note on Thursday. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research note on Thursday. Macquarie assumed coverage on shares of CrowdStrike in a research note on Thursday, July 17th. They set a "neutral" rating and a $465.00 target price for the company. DA Davidson set a $490.00 target price on shares of CrowdStrike in a research note on Thursday. Finally, Raymond James Financial reissued an "outperform" rating and issued a $485.00 price target (up previously from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Twenty-six analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $456.20.

CrowdStrike Trading Up 3.7%

Shares of CrowdStrike stock traded up $15.57 during trading on Thursday, hitting $438.18. The stock had a trading volume of 6,586,794 shares, compared to its average volume of 3,706,215. The stock has a 50 day simple moving average of $463.39 and a 200 day simple moving average of $427.49. The company has a market capitalization of $109.22 billion, a PE ratio of -635.05 and a beta of 1.13. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 1 year low of $242.25 and a 1 year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm's revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm 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, research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 25,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the sale, the president directly owned 422,204 shares in the company, valued at $201,391,308. This trade represents a 5.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 42,267 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the sale, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,414 shares of company stock worth $96,794,738. Insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

Several hedge funds have recently bought and sold shares of CRWD. Brighton Jones LLC grew its stake in shares of CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after acquiring an additional 2,417 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of CrowdStrike by 30.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 915 shares of the company's stock worth $313,000 after acquiring an additional 215 shares in the last quarter. Utah Retirement Systems grew its stake in shares of CrowdStrike by 1.7% during the 4th quarter. Utah Retirement Systems now owns 38,168 shares of the company's stock worth $13,060,000 after acquiring an additional 644 shares in the last quarter. Voleon Capital Management LP bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $983,000. Finally, Rehmann Capital Advisory Group grew its stake in shares of CrowdStrike by 4.7% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,264 shares of the company's stock worth $775,000 after acquiring an additional 102 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

About CrowdStrike

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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