Guggenheim Reiterates Neutral Rating for CrowdStrike (NASDAQ:CRWD)

Key Points

• Guggenheim has reiterated a "neutral" rating for CrowdStrike (NASDAQ:CRWD), indicating a cautious approach to the stock's performance.
• Analysts from multiple brokerages have raised their price targets for CrowdStrike, with Cantor Fitzgerald and Needham & Company setting targets at $500 and $535, respectively.
• CrowdStrike reported a 21.4% year-over-year revenue increase, achieving $1.17 billion in quarterly revenue and earnings per share of $0.93, surpassing analysts' estimates.

Guggenheim restated their neutral rating on shares of CrowdStrike (NASDAQ:CRWD - Free Report) in a research report released on Thursday,Benzinga reports.

Several other analysts have also recently weighed in on CRWD. Roth Capital boosted their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Canaccord Genuity Group cut their price target on shares of CrowdStrike from $475.00 to $430.00 and set a "hold" rating on the stock in a research report on Thursday, August 28th. Stifel Nicolaus upped their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Mizuho upped their price target on shares of CrowdStrike from $430.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, DZ Bank raised shares of CrowdStrike from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nineteen have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $471.23.

CrowdStrike Trading Up 12.8%

Shares of CrowdStrike stock traded up $57.13 during trading on Thursday, hitting $502.63. The company's stock had a trading volume of 10,102,242 shares, compared to its average volume of 3,333,476. 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 has a 52 week low of $272.67 and a 52 week high of $517.98. The stock has a market cap of $126.14 billion, a price-to-earnings ratio of -422.37, a price-to-earnings-growth ratio of 104.78 and a beta of 1.12. The stock has a 50-day moving average price of $442.46 and a two-hundred day moving average price of $428.94.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. CrowdStrike's revenue for the quarter 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 research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In other news, CFO Burt W. Podbere sold 11,883 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares in the company, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Sentonas sold 11,527 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $471.20, for a total transaction of $5,431,522.40. Following the transaction, the president owned 410,677 shares in the company, valued at $193,511,002.40. This represents a 2.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,734 shares of company stock valued at $67,337,728. Corporate insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. raised its holdings in shares of CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after purchasing an additional 215 shares during the period. OLD National Bancorp IN acquired a new stake in shares of CrowdStrike in the 1st quarter worth about $248,000. Bessemer Group Inc. raised its holdings in shares of CrowdStrike by 4.6% in the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after acquiring an additional 98 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of CrowdStrike by 33.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock worth $8,483,000 after acquiring an additional 5,998 shares during the last quarter. Finally, Benchmark Investment Advisors LLC raised its holdings in shares of CrowdStrike by 90.8% in the 1st quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock worth $3,613,000 after acquiring an additional 4,877 shares during the last quarter. Institutional investors and hedge funds 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.