Canaccord Genuity Group Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its price objective increased by Canaccord Genuity Group from $430.00 to $500.00 in a research note published on Monday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a hold rating on the stock.

A number of other research analysts have also recently weighed in on CRWD. Robert W. Baird raised their price objective on shares of CrowdStrike from $460.00 to $490.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. Bank of America reissued a “neutral” rating and set a $470.00 price objective (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Truist Financial raised their target price on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Royal Bank Of Canada restated an “outperform” rating and set a $510.00 target price on shares of CrowdStrike in a research report on Thursday, September 18th. Finally, Barclays raised their target price on shares of CrowdStrike from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $480.07.

CrowdStrike Trading Down 1.6%

Shares of CRWD opened at $476.33 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a 50 day simple moving average of $443.62 and a 200-day simple moving average of $432.52. CrowdStrike has a 1-year low of $272.67 and a 1-year high of $517.98. The stock has a market cap of $119.54 billion, a price-to-earnings ratio of -400.27, a price-to-earnings-growth ratio of 113.76 and a beta of 1.12.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the company posted $1.04 EPS. The company’s revenue was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Equities analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total value of $3,202,687.50. Following the transaction, the director owned 781,011 shares in the company, valued at $400,213,466.73. This trade represents a 0.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 11,561 shares of CrowdStrike stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $495.69, for a total transaction of $5,730,672.09. Following the completion of the transaction, the president owned 399,116 shares in the company, valued at approximately $197,837,810.04. This trade represents a 2.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,066 shares of company stock worth $60,934,078 over the last 90 days. Company insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently made changes to their positions in the business. Patron Partners LLC raised its stake in shares of CrowdStrike by 2.1% in the 2nd quarter. Patron Partners LLC now owns 1,076 shares of the company’s stock valued at $548,000 after acquiring an additional 22 shares during the period. Real Talk Capital LLC raised its stake in shares of CrowdStrike by 0.9% in the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company’s stock valued at $963,000 after acquiring an additional 24 shares during the period. Tradewinds Capital Management LLC raised its stake in shares of CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company’s stock valued at $51,000 after acquiring an additional 25 shares during the period. Close Asset Management Ltd raised its stake in shares of CrowdStrike by 23.8% in the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company’s stock valued at $46,000 after acquiring an additional 25 shares during the period. Finally, Ramirez Asset Management Inc. raised its stake in shares of CrowdStrike by 5.9% in the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company’s stock valued at $159,000 after acquiring an additional 25 shares during the period. 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.