CrowdStrike (NASDAQ:CRWD) Trading 2% Higher - Should You Buy?

Key Points

• CrowdStrike's stock increased by 2% during mid-day trading, reaching a last traded price of $499.96, despite a decline in trading volume compared to average sessions.
• Analysts maintain a generally positive outlook, with one Strong Buy, twenty-seven Buy ratings, and an average price target of $484.95.
• The company reported earnings per share (EPS) of $0.93 for the last quarter, surpassing expectations, and highlighted significant revenue growth of 21.4% year-over-year.

CrowdStrike (NASDAQ:CRWD - Get Free Report) shot up 2% during mid-day trading on Wednesday . The company traded as high as $500.84 and last traded at $499.96. 2,505,212 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 3,679,853 shares. The stock had previously closed at $490.38.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CRWD. Bank of America restated a "neutral" rating and set a $470.00 target price (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of CrowdStrike from $430.00 to $435.00 and gave the stock a "hold" rating in a research note on Thursday, September 18th. JMP Securities lifted their target price on CrowdStrike from $500.00 to $550.00 and gave the company a "market outperform" rating in a research report on Tuesday, September 23rd. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Thursday, August 28th. Finally, Cantor Fitzgerald increased their price target on CrowdStrike from $475.00 to $500.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $484.95.

CrowdStrike Trading Up 2.0%

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 business has a 50-day simple moving average of $444.31 and a two-hundred day simple moving average of $437.34. The stock has a market cap of $125.47 billion, a price-to-earnings ratio of -420.13, a P/E/G ratio of 114.78 and a beta of 1.12.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.10. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.During the same period last year, the firm posted $1.04 earnings per share. The business's revenue was up 21.4% on a year-over-year basis. 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 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 42,267 shares of the firm's stock in a transaction dated 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 approximately $960,801,606.89. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Michael Sentonas sold 11,561 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $495.69, for a total transaction of $5,730,672.09. Following the completion of the transaction, the president owned 399,116 shares in the company, valued at approximately $197,837,810.04. This trade represents a 2.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,066 shares of company stock valued at $55,809,043. Corporate insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

Several institutional investors have recently added to or reduced their stakes in CRWD. Laurel Wealth Advisors LLC boosted its position in shares of CrowdStrike by 54,635.9% in the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company's stock valued at $2,186,714,000 after acquiring an additional 4,285,640 shares during the period. Norges Bank bought a new stake in CrowdStrike in the 2nd quarter valued at about $1,638,365,000. Nuveen LLC bought a new stake in CrowdStrike in the 1st quarter valued at about $595,766,000. Jennison Associates LLC grew its position in shares of CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares in the last quarter. Finally, Vestor Capital LLC increased its holdings in shares of CrowdStrike by 269,840.3% during the second quarter. Vestor Capital LLC now owns 977,184 shares of the company's stock worth $497,690,000 after purchasing an additional 976,822 shares during the period. 71.16% of the stock is currently owned by institutional investors.

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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