CrowdStrike (NASDAQ:CRWD) Stock Price Up 4.5% – Here’s What Happened
by Jessica Moore · The Cerbat GemShares of CrowdStrike (NASDAQ:CRWD – Get Free Report) shot up 4.5% on Wednesday . The stock traded as high as $486.55 and last traded at $478.91. 3,956,426 shares traded hands during trading, an increase of 29% from the average session volume of 3,058,643 shares. The stock had previously closed at $458.32.
Analysts Set New Price Targets
Several analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on CrowdStrike from $500.00 to $580.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. Oppenheimer upped their price target on shares of CrowdStrike from $560.00 to $580.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Scotiabank reissued an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, December 3rd. Robert W. Baird boosted their price objective on shares of CrowdStrike from $490.00 to $550.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. Finally, Zacks Research downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 24th. Thirty-two research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $555.10.
Read Our Latest Analysis on CrowdStrike
CrowdStrike Stock Performance
The company has a 50-day simple moving average of $506.76 and a two-hundred day simple moving average of $481.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $120.73 billion, a P/E ratio of -380.09, a PEG ratio of 109.81 and a beta of 1.03.
CrowdStrike (NASDAQ:CRWD – Get Free Report) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The firm’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. 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, equities analysts forecast that CrowdStrike will post 0.55 EPS for the current year.
Insiders Place Their Bets
In related news, CEO George Kurtz sold 17,550 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $481.38, for a total transaction of $8,448,219.00. Following the sale, the chief executive officer directly owned 2,090,532 shares of the company’s stock, valued at $1,006,340,294.16. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Michael Sentonas sold 11,461 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $479.78, for a total value of $5,498,758.58. Following the completion of the transaction, the president owned 342,655 shares in the company, valued at approximately $164,399,015.90. This trade represents a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 83,395 shares of company stock worth $42,070,217 in the last three months. Corporate insiders own 3.32% of the company’s stock.
Hedge Funds Weigh In On CrowdStrike
Several institutional investors have recently made changes to their positions in CRWD. Asset Planning Inc purchased a new position in shares of CrowdStrike during the 3rd quarter worth $25,000. Pilgrim Partners Asia Pte Ltd bought a new position in CrowdStrike in the 3rd quarter worth $25,000. Anchor Investment Management LLC purchased a new position in CrowdStrike during the third quarter valued at $25,000. AlphaQuest LLC purchased a new position in shares of CrowdStrike during the 2nd quarter valued at about $26,000. Finally, Logan Capital Management Inc. bought a new position in shares of CrowdStrike during the 3rd quarter valued at approximately $26,000. Institutional investors own 71.16% of the company’s stock.
CrowdStrike Company Profile
CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.
The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.