CrowdStrike (NASDAQ:CRWD) Price Target Raised to $621.00 at Royal Bank Of Canada

CrowdStrike (NASDAQ:CRWD) had its price objective lifted by equities researchers at Royal Bank Of Canada from $540.00 to $621.00 in a report released on Wednesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 10.36% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research note on Thursday, September 18th. TD Cowen raised their target price on shares of CrowdStrike from $500.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Zacks Research downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Citigroup reissued an “outperform” rating on shares of CrowdStrike in a research report on Tuesday, September 23rd. Finally, Bank of America boosted their target price on CrowdStrike from $470.00 to $535.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $512.60.

CrowdStrike Stock Up 1.1%

Shares of NASDAQ:CRWD opened at $562.73 on Wednesday. The company has a market cap of $141.22 billion, a price-to-earnings ratio of -474.09, a PEG ratio of 131.02 and a beta of 1.16. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $559.36. 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 price of $492.35 and a 200 day moving average price of $469.72.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The business had revenue of $1.17 billion for 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%.The company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the business posted $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. As a group, equities research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 17,830 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $494.53, for a total value of $8,817,469.90. Following the completion of the sale, the chief executive officer directly owned 2,115,057 shares in the company, valued at $1,045,959,138.21. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the transaction, the director directly owned 768,511 shares in the company, valued at approximately $315,335,433.52. The trade was a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 116,622 shares of company stock worth $58,561,456. Insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Draper Asset Management LLC increased its holdings in CrowdStrike by 59.1% in the second quarter. Draper Asset Management LLC now owns 4,358 shares of the company’s stock valued at $2,176,000 after buying an additional 1,619 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of 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 during the period. Drucker Wealth 3.0 LLC acquired a new position in CrowdStrike in the 2nd quarter worth about $397,000. Pegasus Asset Management Inc. boosted its position in CrowdStrike by 3.4% during the second quarter. Pegasus Asset Management Inc. now owns 2,431 shares of the company’s stock worth $1,238,000 after purchasing an additional 79 shares in the last quarter. Finally, Roman Butler Fullerton & Co. acquired a new stake in CrowdStrike in the second quarter valued at approximately $1,169,000. 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.