CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Key Points

• Needham & Company LLC has raised CrowdStrike's price target from $475.00 to $535.00, suggesting a potential upside of 20.09% from its previous close.
• CrowdStrike reported a 21.4% year-over-year revenue growth in its latest quarterly earnings, with an EPS of $0.93, exceeding analysts' estimates.
• Insider transactions reveal that CrowdStrike's CFO sold 11,883 shares at an average price of $455.47, indicating a 4.89% decrease in their ownership.

CrowdStrike (NASDAQ:CRWD - Free Report) had its price target raised by Needham & Company LLC from $475.00 to $535.00 in a research report released on Thursday, Marketbeat reports. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on CRWD. Rosenblatt Securities reiterated a "buy" rating and set a $490.00 target price on shares of CrowdStrike in a research note on Thursday. Cfra reiterated a "hold" rating and set a $555.00 target price (up from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. Bank of America reiterated a "neutral" rating and set a $470.00 target price (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Zacks Research upgraded shares of CrowdStrike from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 29th. Finally, Sanford C. Bernstein decreased their target price on shares of CrowdStrike from $371.00 to $343.00 and set a "market perform" rating for the company in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nineteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $471.23.

CrowdStrike Stock Up 12.8%

NASDAQ CRWD traded up $57.13 during mid-day trading on Thursday, reaching $502.63. The stock had a trading volume of 10,102,242 shares, compared to its average volume of 3,333,476. CrowdStrike has a 1 year low of $272.67 and a 1 year high of $517.98. The stock has a market cap of $126.14 billion, a PE ratio of -422.37, a price-to-earnings-growth ratio of 104.78 and a beta of 1.12. The company has a fifty day moving average price of $442.46 and a 200 day moving average price of $428.94. 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 announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $1.04 EPS. The firm'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. On average, research analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the company's 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 transaction, the director owned 768,511 shares of the company's stock, valued at approximately $315,335,433.52. This represents a 0.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 completion of the transaction, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,734 shares of company stock worth $67,337,728 over the last three months. 3.32% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CRWD. Brighton Jones LLC grew its position in shares of CrowdStrike by 44.9% during the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at about $240,000. State of Wyoming grew its position in shares of CrowdStrike by 2,191.4% during the fourth quarter. State of Wyoming now owns 802 shares of the company's stock valued at $274,000 after purchasing an additional 767 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of CrowdStrike by 80.8% in the 4th quarter. Woodline Partners LP now owns 18,545 shares of the company's stock valued at $6,345,000 after acquiring an additional 8,287 shares during the last quarter. Finally, Waverly Advisors LLC lifted its holdings in shares of CrowdStrike by 99.1% in the 4th quarter. Waverly Advisors LLC now owns 2,124 shares of the company's stock valued at $727,000 after acquiring an additional 1,057 shares during the last quarter. Hedge funds and other institutional investors 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.