CrowdStrike (NASDAQ:CRWD) Trading 1.2% Higher on Analyst Upgrade

Key Points

• CrowdStrike's Stock Price rose 1.2% following an upgrade from TD Cowen, who raised the price target from $500 to $580 and maintains a buy rating on the stock.
• Insider sales have been reported, including CEO George Kurtz selling 17,830 shares for approximately $8.8 million, indicating a 0.84% reduction in his ownership.
• The company reported a 21.4% year-over-year revenue increase in its latest quarterly earnings, with an EPS of $0.93, surpassing the consensus estimate by $0.10.

Shares of CrowdStrike (NASDAQ:CRWD - Get Free Report) rose 1.2% during trading on Monday after TD Cowen raised their price target on the stock from $500.00 to $580.00. TD Cowen currently has a buy rating on the stock. CrowdStrike traded as high as $503.50 and last traded at $495.95. Approximately 1,904,996 shares were traded during trading, a decline of 48% from the average daily volume of 3,658,225 shares. The stock had previously closed at $489.88.

Several other brokerages have also commented on CRWD. Oppenheimer restated an "outperform" rating and issued a $520.00 price objective on shares of CrowdStrike in a report on Thursday, August 28th. Macquarie upped their price target on CrowdStrike from $465.00 to $485.00 and gave the stock a "neutral" rating in a research note on Friday, September 19th. Cfra reaffirmed a "hold" rating and issued a $555.00 price objective (up from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. DZ Bank downgraded CrowdStrike from a "hold" rating to a "sell" rating and set a $440.00 price objective on the stock. in a report on Wednesday, September 24th. Finally, Citigroup restated an "outperform" rating on shares of CrowdStrike in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average target price of $487.11.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the sale, the director owned 768,511 shares in the company, valued at approximately $315,335,433.52. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 17,830 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $494.53, for a total value of $8,817,469.90. Following the sale, the chief executive officer directly owned 2,115,057 shares of the company's stock, valued at approximately $1,045,959,138.21. This represents a 0.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,816 shares of company stock worth $62,606,356 over the last 90 days. 3.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in CrowdStrike in the first quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the period. Vision Financial Markets LLC purchased a new stake in shares of CrowdStrike in the first quarter valued at approximately $26,000. AlphaQuest LLC acquired a new position in CrowdStrike during the second quarter worth $26,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The company has a 50-day simple moving average of $446.22 and a 200-day simple moving average of $440.50. The stock has a market cap of $124.46 billion, a PE ratio of -416.76, a PEG ratio of 115.12 and a beta of 1.19.

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 the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last 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. Sell-side analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

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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