CrowdStrike (NASDAQ:CRWD) Trading Up 3% Following Analyst Upgrade

Key Points

• CrowdStrike's shares rose 3% following an upgrade from Royal Bank Of Canada, which increased their price target from $510.00 to $540.00.
• The company has received various ratings from analysts, with one having a Strong Buy rating, while the consensus rating is a "Moderate Buy" with an average target price of $494.02.
• Insider selling included significant transactions by President Michael Sentonas and CFO Burt W. Podbere, collectively comprising a total of 157,816 shares worth over $75 million in the last three months.

Shares of CrowdStrike (NASDAQ:CRWD - Get Free Report) traded up 3% during mid-day trading on Monday after Royal Bank Of Canada raised their price target on the stock from $510.00 to $540.00. Royal Bank Of Canada currently has an outperform rating on the stock. CrowdStrike traded as high as $511.18 and last traded at $508.61. 2,253,989 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 3,636,838 shares. The stock had previously closed at $493.66.

CRWD has been the topic of several other reports. Sanford C. Bernstein lowered their price objective 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. The Goldman Sachs Group upped their price objective on CrowdStrike from $492.00 to $535.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a research note on Tuesday, September 23rd. Robert W. Baird boosted their target price on shares of CrowdStrike from $460.00 to $490.00 and gave the company a "neutral" rating in a research note on Friday, September 19th. Finally, Wedbush reiterated a "buy" rating on shares of CrowdStrike in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $494.02.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 10,000 shares of the stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the completion of the transaction, the president owned 354,116 shares of the company's stock, valued at $182,369,740. This represents a 2.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 10,706 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the completion of the sale, the chief financial officer directly owned 220,424 shares in the company, valued at $109,257,564.08. This trade represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 157,816 shares of company stock worth $75,331,356 in the last three months. 3.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors have recently modified their holdings of the stock. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike during the first quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC increased its position in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after acquiring an additional 40 shares during the period. Vision Financial Markets LLC purchased a new position in shares of CrowdStrike during the first quarter worth approximately $26,000. AlphaQuest LLC purchased a new position in shares of CrowdStrike during the second quarter worth approximately $26,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of 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. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 3.0%

The firm has a market capitalization of $127.64 billion, a PE ratio of -427.40, a price-to-earnings-growth ratio of 116.01 and a beta of 1.19. The stock's 50-day moving average price is $450.04 and its 200 day moving average price is $444.95. 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 issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. CrowdStrike's revenue was up 21.4% compared to the same quarter last year. During the same period last year, the company 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, sell-side analysts expect that CrowdStrike will post 0.55 EPS 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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