CrowdStrike (NASDAQ:CRWD) Earns “Buy” Rating from Rosenblatt Securities

CrowdStrike (NASDAQ:CRWD)‘s stock had its “buy” rating restated by stock analysts at Rosenblatt Securities in a report released on Wednesday,Benzinga reports. They currently have a $630.00 target price on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 22.78% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a report on Tuesday, September 23rd. Oppenheimer increased their price objective on CrowdStrike from $560.00 to $580.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Deutsche Bank Aktiengesellschaft lifted their target price on CrowdStrike from $430.00 to $435.00 and gave the company a “hold” rating in a research report on Thursday, September 18th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $353.00 price target on shares of CrowdStrike in a research report on Wednesday. Finally, Needham & Company LLC raised their price target on shares of CrowdStrike from $535.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $555.51.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $513.12 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.88 and a current ratio of 1.81. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $566.90. The company’s 50 day moving average price is $514.40 and its two-hundred day moving average price is $479.02. The company has a market capitalization of $128.77 billion, a P/E ratio of -407.24, a price-to-earnings-growth ratio of 123.56 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.700-3.720 EPS and its Q4 2026 guidance at 1.090-1.110 EPS. On average, analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO George Kurtz sold 6,975 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $549.89, for a total value of $3,835,482.75. Following the sale, the chief executive officer directly owned 2,108,082 shares of the company’s stock, valued at approximately $1,159,213,210.98. This represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Johanna Flower sold 2,347 shares of CrowdStrike stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $490.98, for a total value of $1,152,330.06. Following the transaction, the director owned 79,057 shares of the company’s stock, valued at $38,815,405.86. The trade was a 2.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 110,372 shares of company stock valued at $55,996,956. 3.32% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of hedge funds have recently made changes to their positions in CRWD. Asset Planning Inc acquired a new stake in CrowdStrike during the 3rd quarter valued at $25,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of CrowdStrike during the 3rd quarter worth about $25,000. Anchor Investment Management LLC acquired a new position in CrowdStrike in the 3rd quarter valued at about $25,000. AlphaQuest LLC bought a new position in CrowdStrike in the 2nd quarter valued at about $26,000. Finally, Logan Capital Management Inc. acquired a new stake in CrowdStrike during the third quarter worth approximately $26,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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.