Piper Sandler Cuts CrowdStrike (NASDAQ:CRWD) Price Target to $450.00

Key Points

• Piper Sandler has reduced its price target for CrowdStrike from $505.00 to $450.00, maintaining a "neutral" rating on the stock, which implies a potential upside of 4.62% from its current price.
• Other firms, including Mizuho and Goldman Sachs, have issued varying price targets and ratings for CrowdStrike, reflecting a diverse range of opinions among analysts with a consensus rating of "Moderate Buy" and target price around $457.66.
• Insider transactions show that both the President and CEO of CrowdStrike sold significant shares recently, indicating some movement in executive holdings amidst market fluctuations.

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price objective lowered by investment analysts at Piper Sandler from $505.00 to $450.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Piper Sandler's target price would indicate a potential upside of 4.62% from the stock's current price.

Several other research firms have also issued reports on CRWD. Mizuho raised their price target on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Cfra restated a "hold" rating and issued a $555.00 price target (up from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. The Goldman Sachs Group raised their price target on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Rosenblatt Securities decreased their price target on shares of CrowdStrike from $515.00 to $490.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Morgan Stanley set a $460.00 price target on shares of CrowdStrike in a research report on Thursday. Twenty-six equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $457.66.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $7.51 during midday trading on Thursday, reaching $430.12. The stock had a trading volume of 4,706,122 shares, compared to its average volume of 3,693,244. CrowdStrike has a 1-year low of $242.25 and a 1-year high of $517.98. The firm's fifty day simple moving average is $463.39 and its 200-day simple moving average is $427.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $107.21 billion, a P/E ratio of -623.74 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.10. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business posted $1.04 EPS. CrowdStrike'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, equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, President Michael Sentonas sold 25,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the sale, the president directly owned 422,204 shares in the company, valued at $201,391,308. This represents a 5.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike 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 completion of the transaction, the chief executive officer owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. The trade was a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 204,414 shares of company stock worth $96,794,738 over the last ninety days. 3.32% of the stock is owned by insiders.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently modified their holdings of CRWD. Cloud Capital Management LLC bought a new position in shares of CrowdStrike in the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after acquiring an additional 40 shares during the last quarter. Vision Financial Markets LLC bought a new position in shares of CrowdStrike in the first quarter worth about $26,000. AlphaQuest LLC bought a new position in shares of CrowdStrike in the second quarter worth about $26,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares during the last quarter. 71.16% of the stock is owned by 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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