 CrowdStrike (NASDAQ:CRWD – Get Free Report) was upgraded by Arete from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, Marketbeat reports. The firm presently has a $706.00 price target on the stock. Arete’s price objective indicates a potential upside of 29.42% from the stock’s previous close.
CrowdStrike (NASDAQ:CRWD – Get Free Report) was upgraded by Arete from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, Marketbeat reports. The firm presently has a $706.00 price target on the stock. Arete’s price objective indicates a potential upside of 29.42% from the stock’s previous close.
A number of other brokerages also recently issued reports on CRWD. Morgan Stanley lifted their price target on CrowdStrike from $460.00 to $475.00 and gave the stock an “equal weight” rating in a report on Thursday, September 18th. Daiwa Capital Markets lifted their price target on CrowdStrike from $475.00 to $530.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. BMO Capital Markets boosted their target price on CrowdStrike from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Robert W. Baird boosted their target price on CrowdStrike from $460.00 to $490.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Finally, DA Davidson boosted their target price on CrowdStrike from $490.00 to $515.00 and gave the company a “buy” rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $505.78.
Read Our Latest Report on CrowdStrike
CrowdStrike Stock Down 0.3%
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 analysts’ consensus estimates 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 return on equity of 1.53% and a negative net margin of 6.84%.CrowdStrike’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.
Insider Activity
In other CrowdStrike news, President Michael Sentonas sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the completion of the sale, the president directly owned 354,116 shares of the company’s stock, valued at $182,369,740. This represents a 2.75% 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, CAO Anurag Saha sold 1,762 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $482.41, for a total value of $850,006.42. Following the transaction, the chief accounting officer directly owned 37,255 shares of the company’s stock, valued at approximately $17,972,184.55. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 163,090 shares of company stock worth $78,144,499 over the last quarter. 3.32% of the stock is owned by insiders.
Hedge Funds Weigh In On CrowdStrike
A number of large investors have recently modified their holdings of CRWD. Brighton Jones LLC raised its stake in shares of CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock worth $2,670,000 after buying an additional 2,417 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of CrowdStrike by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company’s stock worth $783,000 after buying an additional 98 shares in the last quarter. Diversified Trust Co purchased a new position in shares of CrowdStrike during the 1st quarter worth approximately $231,000. Avidian Wealth Enterprises LLC raised its stake in shares of CrowdStrike by 22.9% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 734 shares of the company’s stock worth $259,000 after buying an additional 137 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its stake in shares of CrowdStrike by 2.9% during the 1st quarter. Ameritas Advisory Services LLC now owns 5,895 shares of the company’s stock worth $2,032,000 after buying an additional 164 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other 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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