JMP Securities Forecasts Strong Price Appreciation for CrowdStrike (NASDAQ:CRWD) Stock

Key Points

• JMP Securities raised its target price for CrowdStrike (NASDAQ:CRWD) from $500.00 to $550.00, indicating a potential upside of 11.53%.
• Despite varying target price adjustments from analysts, the stock currently has a consensus rating of "Moderate Buy" with an average target price of $477.63.
• CrowdStrike reported a 21.4% increase in revenue year-over-year, reaching $1.17 billion, while beating EPS expectations with a reported $0.93.

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its target price increased by investment analysts at JMP Securities from $500.00 to $550.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "market outperform" rating on the stock. JMP Securities' price objective would indicate a potential upside of 11.53% from the stock's previous close.

A number of other equities analysts also recently issued reports on the company. Wedbush reiterated a "buy" rating on shares of CrowdStrike in a research note on Thursday, August 28th. Piper Sandler cut their price target on CrowdStrike from $505.00 to $450.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th. DA Davidson lifted their price target on CrowdStrike from $490.00 to $515.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. Stephens boosted their target price on CrowdStrike from $510.00 to $525.00 and gave the stock an "overweight" rating in a research note on Thursday, September 18th. Finally, DZ Bank upgraded CrowdStrike from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nineteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $477.63.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $493.14 on Tuesday. CrowdStrike has a one year low of $272.67 and a one year high of $517.98. The firm has a market capitalization of $123.76 billion, a price-to-earnings ratio of -414.40, a PEG ratio of 120.33 and a beta of 1.12. The business has a 50-day simple moving average of $443.28 and a 200 day simple moving average of $431.86. 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 earnings results on Wednesday, August 27th. The company reported $0.93 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company posted $1.04 EPS. The firm's revenue was up 21.4% compared to the same quarter last year. 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 anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the transaction, the chief executive officer owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Johanna Flower sold 2,073 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the completion of the transaction, the director directly owned 81,383 shares in the company, valued at approximately $38,592,632.43. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,973 shares of company stock valued at $46,586,987. Corporate insiders own 3.32% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC purchased a new position in CrowdStrike in the second quarter worth $26,000. Howard Hughes Medical Institute purchased a new stake in CrowdStrike during the second quarter valued at about $27,000. Financial Gravity Companies Inc. purchased a new stake in CrowdStrike during the second quarter valued at about $33,000. Financial Management Professionals Inc. boosted its position in CrowdStrike by 91.9% during the second quarter. Financial Management Professionals Inc. now owns 71 shares of the company's stock valued at $36,000 after buying an additional 34 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in CrowdStrike during the second quarter valued at about $36,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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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