CrowdStrike (NASDAQ:CRWD) Trading 1.4% Higher - Here's Why

Key Points

• CrowdStrike's stock has risen by 1.4% to $429.62, despite a significant decrease in trading volume, with 753,354 shares traded compared to an average of 3.68 million.
• Analysts have upgraded CrowdStrike from a "hold" to a "strong-buy" rating, with a consensus price target of $460.10 from various firms including Zacks and BMO Capital Markets.
• In its recent quarterly earnings, CrowdStrike reported earnings per share of $0.93, exceeding estimates by $0.10, and experienced a revenue increase of 21.4% year-over-year to $1.17 billion.

CrowdStrike (NASDAQ:CRWD - Get Free Report) traded up 1.4% during mid-day trading on Wednesday . The company traded as high as $433.81 and last traded at $429.62. 753,354 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 3,686,123 shares. The stock had previously closed at $423.51.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Zacks Research upgraded CrowdStrike from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th. BMO Capital Markets set a $450.00 price objective on CrowdStrike in a research note on Thursday, August 28th. Sanford C. Bernstein reduced their price objective on CrowdStrike from $371.00 to $343.00 and set a "market perform" rating for the company in a research note on Thursday, August 28th. Wedbush reissued a "buy" rating on shares of CrowdStrike in a research note on Thursday, August 28th. Finally, Roth Capital increased their price objective on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nineteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $460.10.

CrowdStrike Stock Down 0.1%

The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The firm has a market cap of $106.20 billion, a price-to-earnings ratio of -355.60, a PEG ratio of 133.97 and a beta of 1.12. The firm has a 50-day moving average of $450.57 and a two-hundred day moving average of $426.27.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the business earned $1.04 EPS. The business's revenue for the quarter 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. As a group, sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Michael Sentonas sold 11,527 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total transaction of $5,431,522.40. Following the sale, the president owned 410,677 shares of the company's stock, valued at approximately $193,511,002.40. This trade represents a 2.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was 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 $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 a total of 153,734 shares of company stock worth $72,162,728 over the last 90 days. 3.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new position in CrowdStrike during the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC grew 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 acquiring an additional 40 shares in the last quarter. Vision Financial Markets LLC bought a new position in shares of CrowdStrike in the 1st quarter valued at about $26,000. AlphaQuest LLC bought a new position in shares of CrowdStrike in the 2nd quarter valued at about $26,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

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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