CrowdStrike (NASDAQ:CRWD) Price Target Raised to $600.00

CrowdStrike (NASDAQ:CRWD) had its price objective increased by Argus from $540.00 to $600.00 in a research report report published on Friday,MarketScreener reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. Stifel Nicolaus raised their price objective on CrowdStrike from $515.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Needham & Company LLC increased their target price on CrowdStrike from $535.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Oppenheimer lifted their price target on shares of CrowdStrike from $560.00 to $580.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Cowen restated a “buy” rating on shares of CrowdStrike in a report on Wednesday. Finally, Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $553.26.

CrowdStrike Trading Down 0.2%

CRWD opened at $512.03 on Friday. The company has a fifty day moving average price of $515.01 and a two-hundred day moving average price of $480.06. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90. The company has a market cap of $128.50 billion, a P/E ratio of -406.37, a price-to-earnings-growth ratio of 123.94 and a beta of 1.09. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue was up 21.8% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.700-3.720 EPS and its Q4 2026 guidance at 1.090-1.110 EPS. Analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Burt W. Podbere sold 1,957 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $550.41, for a total value of $1,077,152.37. Following the completion of the sale, the chief financial officer owned 218,467 shares in the company, valued at $120,246,421.47. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 6,975 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $549.89, for a total transaction of $3,835,482.75. Following the transaction, the chief executive officer owned 2,108,082 shares in the company, valued at approximately $1,159,213,210.98. This trade represents a 0.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 110,372 shares of company stock valued at $55,996,956 over the last 90 days. 3.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the business. Advyzon Investment Management LLC grew its position in CrowdStrike by 142.9% in the 2nd quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock valued at $461,000 after acquiring an additional 533 shares during the last quarter. Draper Asset Management LLC lifted its position in shares of CrowdStrike by 59.1% in the 2nd quarter. Draper Asset Management LLC now owns 4,358 shares of the company’s stock worth $2,176,000 after purchasing an additional 1,619 shares during the period. Geneos Wealth Management Inc. boosted its position in CrowdStrike by 33.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company’s stock valued at $8,483,000 after acquiring an additional 5,998 shares in the last quarter. Drucker Wealth 3.0 LLC bought a new stake in CrowdStrike during the second quarter valued at about $397,000. Finally, Accel Wealth Management purchased a new stake in shares of CrowdStrike during the second quarter valued at about $269,000. 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.