Needham & Company LLC Has Lowered Expectations for CrowdStrike (NASDAQ:CRWD) Stock Price

Key Points

• Needham & Company LLC has reduced its target price for CrowdStrike from $530 to $475, while maintaining a "buy" rating, indicating a potential upside of 12.40% from the stock's previous close.
• The company reported earnings of $0.93 per share for the latest quarter, surpassing analyst estimates, and demonstrated a year-over-year revenue increase of 21.4%.
• Despite this price target adjustment, CrowdStrike maintains a robust analyst consensus with 26 buy ratings, reflecting strong institutional support, as hedge funds collectively own 71.16% of the company's stock.

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its target price lowered by Needham & Company LLC from $530.00 to $475.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's target price indicates a potential upside of 12.40% from the company's previous close.

CRWD has been the topic of several other research reports. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Truist Financial reiterated a "buy" rating and set a $500.00 price target (up previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Cantor Fitzgerald reiterated an "overweight" rating and set a $475.00 price target on shares of CrowdStrike in a research report on Tuesday. BMO Capital Markets lowered their price target on shares of CrowdStrike from $500.00 to $460.00 and set an "outperform" rating for the company in a research report on Monday. Finally, Citigroup reissued an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Twenty-six equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $462.41.

CrowdStrike Stock Up 1.2%

CRWD opened at $422.61 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The business's 50-day moving average price is $463.39 and its 200-day moving average price is $427.49. The company has a market cap of $105.34 billion, a P/E ratio of -612.48 and a beta of 1.13. CrowdStrike has a 12 month low of $242.25 and a 12 month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. CrowdStrike's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the business posted $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, equities analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $447.09, for a total value of $2,794,312.50. Following the completion of the transaction, the director owned 774,761 shares of the company's stock, valued at approximately $346,387,895.49. The trade was a 0.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value 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. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 204,414 shares of company stock worth $96,794,738 in the last ninety days. 3.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently bought and sold shares of CRWD. Cloud Capital Management LLC purchased a new position in CrowdStrike in the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares during the period. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike during the 1st quarter valued at about $26,000. AlphaQuest LLC bought a new stake in shares of CrowdStrike during the 2nd quarter valued at about $26,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 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.

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