CrowdStrike (NASDAQ:CRWD) Price Target Raised to $580.00

CrowdStrike (NASDAQ:CRWD) had its target price increased by JPMorgan Chase & Co. from $500.00 to $580.00 in a research note published on Monday, Marketbeat.com reports. The brokerage currently has an overweight rating on the stock.

Several other equities analysts also recently weighed in on CRWD. Arete raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $706.00 price target for the company in a research report on Tuesday, October 28th. Sanford C. Bernstein dropped their price objective on CrowdStrike from $371.00 to $343.00 and set a “market perform” rating for the company in a research report on Thursday, August 28th. Canaccord Genuity Group boosted their target price on shares of CrowdStrike from $430.00 to $500.00 and gave the company a “hold” rating in a research note on Monday, September 22nd. Wedbush upped their target price on shares of CrowdStrike from $525.00 to $600.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Finally, Barclays lifted their price target on shares of CrowdStrike from $515.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $554.09.

CrowdStrike Stock Performance

Shares of CRWD opened at $524.17 on Monday. CrowdStrike has a 12-month low of $298.00 and a 12-month high of $566.90. The stock has a market cap of $131.55 billion, a P/E ratio of -416.01, a PEG ratio of 121.77 and a beta of 1.09. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $513.60 and a two-hundred day moving average of $478.78.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.96 EPS 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 2.20%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business earned $0.93 earnings per share. The company’s quarterly 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. As a group, research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 6,975 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $549.89, for a total value of $3,835,482.75. Following the transaction, the chief executive officer directly owned 2,108,082 shares of the company’s stock, valued at approximately $1,159,213,210.98. This trade represents a 0.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 1,957 shares of CrowdStrike stock in a transaction on 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 transaction, the chief financial officer owned 218,467 shares in the company, valued at $120,246,421.47. The trade was a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 110,372 shares of company stock worth $55,996,956. 3.32% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

A number of institutional investors have recently modified their holdings of the company. Asset Planning Inc purchased a new stake in CrowdStrike during the third quarter worth approximately $25,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of CrowdStrike during the 3rd quarter valued at $25,000. Anchor Investment Management LLC purchased a new stake in CrowdStrike during the 3rd quarter worth $25,000. Vision Financial Markets LLC acquired a new stake in CrowdStrike in the 1st quarter valued at $26,000. Finally, AlphaQuest LLC acquired a new stake in CrowdStrike in the 2nd quarter valued at $26,000. 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.