CrowdStrike (NASDAQ:CRWD) Shares Up 1.8% on Analyst Upgrade

Key Points

• CrowdStrike's stock rose by 1.8% following an upgrade from Scotiabank, with a new price target of $600, increased from $440.
• Other analysts have varying price targets for CrowdStrike, ranging from $343 to $550, indicating a generally optimistic outlook with a consensus rating of "Moderate Buy."
• Insider transactions include the sale of over 11,000 shares by President Michael Sentonas, indicating a 2.82% decrease in his ownership of the company.

CrowdStrike (NASDAQ:CRWD - Get Free Report) was up 1.8% during mid-day trading on Friday after Scotiabank upgraded the stock from a sector perform rating to a sector outperform rating. Scotiabank now has a $600.00 price target on the stock, up from their previous price target of $440.00. CrowdStrike traded as high as $483.70 and last traded at $481.42. Approximately 2,604,809 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 3,702,542 shares. The stock had previously closed at $473.09.

Other equities analysts have also recently issued reports about the company. Truist Financial lifted 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. Mizuho boosted their price target on CrowdStrike from $430.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, September 17th. Sanford C. Bernstein decreased their price target on CrowdStrike from $371.00 to $343.00 and set a "market perform" rating on the stock in a research report on Thursday, August 28th. Evercore ISI increased their price objective on CrowdStrike from $405.00 to $430.00 in a research report on Thursday, September 18th. Finally, Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus price target of $483.79.

Insider Buying and Selling

In other news, President Michael Sentonas sold 11,561 shares of the firm's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $495.69, for a total value of $5,730,672.09. Following the completion of the transaction, the president owned 399,116 shares in the company, valued at $197,837,810.04. This trade represents a 2.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 231,130 shares of the company's stock, valued at $105,272,781.10. The trade was a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,066 shares of company stock worth $60,934,078 over the last three months. Company insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the stock. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike in the first quarter worth $26,000. AlphaQuest LLC acquired a new position in CrowdStrike in the second quarter valued at $26,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 1.8%

The firm's fifty day moving average price is $443.68 and its two-hundred day moving average price is $433.66. The stock has a market cap of $120.82 billion, a price-to-earnings ratio of -404.55, a price-to-earnings-growth ratio of 111.93 and a beta of 1.12. 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 announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $1.04 earnings per share. The business'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. Sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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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