Mizuho Raises CrowdStrike (NASDAQ:CRWD) Price Target to $450.00

Key Points

• Mizuho has raised its price target for CrowdStrike (NASDAQ:CRWD) from $430.00 to $450.00 while maintaining a "neutral" rating, indicating a potential downside of 0.51% from the previous close.
• Despite recent target price reductions from several firms, the average rating for CrowdStrike remains a "Moderate Buy" with an average target price of $460.60.
• CrowdStrike reported Q2 earnings of $0.93 per share, surpassing expectations, and showed a year-over-year revenue increase of 21.4%, indicating strong growth potential.

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price target hoisted by Mizuho from $430.00 to $450.00 in a report released on Wednesday,MarketScreener reports. The brokerage presently has a "neutral" rating on the stock. Mizuho's price objective points to a potential downside of 0.51% from the stock's previous close.

Several other research firms also recently weighed in on CRWD. BTIG Research cut their price objective on CrowdStrike from $520.00 to $489.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. Barclays set a $500.00 price objective on CrowdStrike in a research note on Tuesday, June 3rd. UBS Group lowered their target price on CrowdStrike from $545.00 to $500.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. Jefferies Financial Group decreased their price objective on shares of CrowdStrike from $530.00 to $500.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. Finally, Wedbush reiterated a "buy" rating on shares of CrowdStrike in a report on Thursday, August 28th. One equities research 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $460.60.

CrowdStrike Stock Up 1.6%

Shares of NASDAQ CRWD opened at $452.32 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 12-month low of $263.45 and a 12-month high of $517.98. The company has a market cap of $113.51 billion, a price-to-earnings ratio of -378.17, a price-to-earnings-growth ratio of 139.20 and a beta of 1.12. The firm's 50-day simple moving average is $443.51 and its 200 day simple moving average is $427.99.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted $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. On average, research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction on 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 sale, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. The trade was a 1.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,734 shares of company stock worth $67,337,728. Insiders own 3.32% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRWD. Vanguard Group Inc. increased its position 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 worth $11,933,425,000 after acquiring an additional 596,007 shares in the last quarter. State Street Corp lifted its stake in shares of CrowdStrike by 3.6% in the 2nd quarter. State Street Corp now owns 10,804,651 shares of the company's stock worth $5,502,917,000 after acquiring an additional 370,965 shares during the period. Jennison Associates LLC lifted its stake in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares in the last quarter. Geode Capital Management LLC raised its position in CrowdStrike by 5.0% during the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company's stock valued at $2,903,752,000 after acquiring an additional 273,922 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its position in shares of CrowdStrike by 54,635.9% in the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company's stock valued at $2,186,714,000 after purchasing an additional 4,285,640 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Company Profile

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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