CrowdStrike (NASDAQ:CRWD) Upgraded at DZ Bank

Key Points

• CrowdStrike has been upgraded by DZ Bank from a "strong sell" to a "hold" rating, signaling a potential stabilization in investor sentiment.
• Despite a recent share price of $423.70, analysts have set varying price targets, with New Street Research targeting $460.00 and BMO Capital Markets at $450.00.
• CEO George Kurtz recently sold over 42,000 shares of CrowdStrike, indicating a 1.94% decrease in his ownership, raising questions about insider sentiment towards the stock.

DZ Bank upgraded shares of CrowdStrike (NASDAQ:CRWD - Free Report) from a strong sell rating to a hold rating in a report issued on Thursday morning,Zacks.com reports.

A number of other analysts also recently issued reports on CRWD. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Thursday, August 28th. Stephens raised their target price on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. UBS Group cut their target price on CrowdStrike from $545.00 to $500.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. Cantor Fitzgerald reissued an "overweight" rating and set a $475.00 price objective on shares of CrowdStrike in a research report on Tuesday, August 26th. Finally, BTIG Research cut their price objective on CrowdStrike from $520.00 to $489.00 and set a "buy" rating for the company in a research report on Thursday, August 28th. Twenty-four equities research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $460.10.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded down $10.20 during midday trading on Thursday, reaching $413.50. 3,743,257 shares of the company's stock traded hands, compared to its average volume of 3,739,097. CrowdStrike has a 1 year low of $242.25 and a 1 year high of $517.98. The company has a market cap of $103.06 billion, a P/E ratio of -347.48 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The company has a fifty day simple moving average of $460.11 and a two-hundred day simple moving average of $427.09.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results 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. 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 analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $1.04 EPS. 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 predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the transaction, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction that occurred 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 owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 188,164 shares of company stock valued at $88,876,050. 3.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Patron Partners LLC grew its holdings in shares of CrowdStrike by 2.1% in the 2nd quarter. Patron Partners LLC now owns 1,076 shares of the company's stock worth $548,000 after acquiring an additional 22 shares during the last quarter. Real Talk Capital LLC grew its holdings in shares of CrowdStrike by 0.9% in the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock worth $963,000 after acquiring an additional 24 shares during the last quarter. Tradewinds Capital Management LLC boosted its position in shares of CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after buying an additional 25 shares during the period. Close Asset Management Ltd boosted its position in shares of CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after buying an additional 25 shares during the period. Finally, Ramirez Asset Management Inc. boosted its position in shares of CrowdStrike by 5.9% in the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after buying an additional 25 shares during the period. 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.