CrowdStrike (NASDAQ:CRWD) Trading Up 5.2% - Should You Buy?

Key Points

• CrowdStrike's stock price increased by 5.2%, reaching a last trading price of $509.95, with a significant trading volume of over 3.4 million shares.
• Several analysts have upgraded their ratings on CrowdStrike, with Wells Fargo raising its price target from $550 to $600, indicating strong market confidence.
• The company reported a 21.4% year-over-year revenue growth in its last quarterly earnings, exceeding analysts' expectations with an EPS of $0.93 compared to the consensus estimate of $0.83.

Shares of CrowdStrike (NASDAQ:CRWD - Get Free Report) were up 5.2% on Wednesday . The stock traded as high as $510.00 and last traded at $509.95. Approximately 3,415,945 shares traded hands during trading, a decline of 6% from the average daily volume of 3,650,602 shares. The stock had previously closed at $484.62.

Analyst Ratings Changes

Several research analysts have weighed in on CRWD shares. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a research note on Tuesday, September 23rd. Wells Fargo & Company raised their price target on CrowdStrike from $550.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 1st. Scotiabank upgraded CrowdStrike from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $440.00 to $600.00 in a research report on Thursday, September 25th. JMP Securities raised their price target on CrowdStrike from $500.00 to $550.00 and gave the stock a "market outperform" rating in a research report on Tuesday, September 23rd. Finally, Barclays raised their target price on CrowdStrike from $500.00 to $515.00 and gave the company an "overweight" rating in a report on Thursday, September 18th. One research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $491.81.

CrowdStrike Stock Up 5.2%

The company has a market cap of $127.98 billion, a PE ratio of -428.53, a P/E/G ratio of 116.54 and a beta of 1.19. 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's 50 day moving average is $447.07 and its 200-day moving average is $441.74.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.CrowdStrike's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. 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, analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value 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. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael Sentonas sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total value of $10,000,000.00. Following the completion of the sale, the president owned 379,116 shares of the company's stock, valued at approximately $189,558,000. This represents a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 132,816 shares of company stock valued at $62,606,356 over the last quarter. 3.32% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 2.6% in the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company's stock valued at $11,933,425,000 after buying an additional 596,007 shares during the last quarter. State Street Corp raised its stake in shares of CrowdStrike by 3.6% during the second quarter. State Street Corp now owns 10,804,651 shares of the company's stock worth $5,502,917,000 after purchasing an additional 370,965 shares during the last quarter. Jennison Associates LLC raised its stake in shares of CrowdStrike by 21.1% during the first 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 during the last quarter. Geode Capital Management LLC raised its stake in shares of CrowdStrike by 5.0% during the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company's stock worth $2,903,752,000 after purchasing an additional 273,922 shares during the last quarter. Finally, Laurel Wealth Advisors LLC raised its stake in shares of CrowdStrike by 54,635.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company's stock worth $2,186,714,000 after purchasing an additional 4,285,640 shares during the last quarter. Hedge funds and other 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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