CrowdStrike's (CRWD) Outperform Rating Reaffirmed at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reaffirmed its "outperform" rating for CrowdStrike (CRWD) with a price target of $510.00, indicating a potential upside of 4.35% from its current price.
• Several brokerages have increased their price targets for CrowdStrike, with Wells Fargo raising its target to $550.00 and JMP Securities setting it at $500.00.
• CrowdStrike reported earnings of $0.93 per share for the last quarter, exceeding analysts' expectations of $0.83 and reflecting a year-over-year revenue growth of 21.4%.

CrowdStrike (NASDAQ:CRWD - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Royal Bank Of Canada in a research note issued on Thursday,Benzinga reports. They presently have a $510.00 price target on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 4.35% from the stock's current price.

A number of other brokerages have also weighed in on CRWD. Wells Fargo & Company increased their price objective on CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. JMP Securities restated a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research note on Wednesday, June 4th. Stifel Nicolaus upped their target price on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Susquehanna upped their target price on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research note on Wednesday, June 4th. Finally, Sanford C. Bernstein cut their price objective on shares of CrowdStrike from $371.00 to $343.00 and set a "market perform" rating for the company in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $466.23.

CrowdStrike Trading Up 9.7%

Shares of NASDAQ:CRWD opened at $488.73 on Thursday. The business's 50-day moving average is $442.15 and its 200 day moving average is $428.11. 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 firm has a market capitalization of $122.65 billion, a P/E ratio of -407.89, a P/E/G ratio of 139.26 and a beta of 1.12. CrowdStrike has a 1 year low of $272.67 and a 1 year high of $517.98.

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

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the sale, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, September 4th. The shares were 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 $315,335,433.52. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,734 shares of company stock valued at $67,337,728. 3.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

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