TD Cowen Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

Key Points

• TD Cowen has lifted its price target for CrowdStrike (NASDAQ:CRWD) stock from $500 to $580, indicating a potential upside of 16.75% from its previous close.
• The stock currently holds an average rating of Moderate Buy among analysts, with 28 buy ratings, 18 hold ratings, and 1 sell rating.
• CrowdStrike reported quarterly earnings of $0.93 per share, exceeding analysts' expectations, with a revenue increase of 21.4% year-over-year.

CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price target lifted by research analysts at TD Cowen from $500.00 to $580.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's price objective would suggest a potential upside of 16.75% from the stock's previous close.

A number of other equities analysts have also commented on CRWD. Rosenblatt Securities reiterated a "buy" rating and set a $490.00 price target on shares of CrowdStrike in a report on Thursday, September 18th. DA Davidson raised their price target on shares of CrowdStrike from $490.00 to $515.00 and gave the stock a "buy" rating in a report on Thursday, September 18th. Mizuho upped their price objective on shares of CrowdStrike from $430.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, September 17th. Piper Sandler lowered their target price on shares of CrowdStrike from $505.00 to $450.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th. Finally, Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $487.11.

CrowdStrike Price Performance

CRWD stock opened at $496.80 on Friday. CrowdStrike has a 1 year low of $278.56 and a 1 year high of $517.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market cap of $124.68 billion, a price-to-earnings ratio of -417.48, a P/E/G ratio of 117.49 and a beta of 1.19. The company has a 50 day simple moving average of $445.78 and a 200 day simple moving average of $438.69.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the transaction, the director owned 768,511 shares in the company, valued at approximately $315,335,433.52. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Sentonas sold 11,561 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $495.69, for a total value of $5,730,672.09. Following the sale, the president directly owned 399,116 shares of the company's stock, valued at $197,837,810.04. This represents a 2.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 112,816 shares of company stock valued at $52,606,356. 3.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently bought and sold shares of the stock. Cloud Capital Management LLC bought a new position in shares of CrowdStrike during the first quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in shares of CrowdStrike during the first quarter valued at approximately $26,000. AlphaQuest LLC purchased a new position in CrowdStrike in the second quarter worth $26,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position 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 last quarter. 71.16% of the stock is currently owned by institutional investors.

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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