Cantor Fitzgerald Reaffirms Overweight Rating for CrowdStrike (NASDAQ:CRWD)

Cantor Fitzgerald restated their overweight rating on shares of CrowdStrike (NASDAQ:CRWD) in a research report released on Wednesday morning, Benzinga reports. They currently have a $400.00 target price on the stock.

CRWD has been the topic of a number of other research reports. Evercore ISI lifted their price target on shares of CrowdStrike from $255.00 to $405.00 and gave the stock an outperform rating in a report on Wednesday, March 6th. UBS Group upped their price objective on shares of CrowdStrike from $385.00 to $430.00 and gave the company a buy rating in a report on Wednesday, March 6th. Westpark Capital reissued a hold rating on shares of CrowdStrike in a research report on Wednesday, January 17th. Oppenheimer raised their price objective on shares of CrowdStrike from $300.00 to $355.00 and gave the stock an outperform rating in a report on Wednesday, March 6th. Finally, Sanford C. Bernstein assumed coverage on shares of CrowdStrike in a report on Thursday, January 18th. They set an outperform rating and a $334.00 target price on the stock. One analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $371.87.

CrowdStrike Stock Down 3.9 %

CRWD opened at $282.64 on Wednesday. CrowdStrike has a fifty-two week low of $115.67 and a fifty-two week high of $365.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The company’s 50-day moving average is $317.72 and its 200 day moving average is $264.41. The firm has a market capitalization of $68.36 billion, a P/E ratio of 785.11, a PEG ratio of 11.76 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. Research analysts expect that CrowdStrike will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares in the company, valued at $64,525,067.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CAO Anurag Saha sold 1,786 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total transaction of $592,094.72. Following the completion of the sale, the chief accounting officer now directly owns 34,350 shares in the company, valued at approximately $11,387,712. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the sale, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Insiders have sold a total of 223,544 shares of company stock worth $72,113,932 in the last 90 days. 5.68% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

Institutional investors have recently modified their holdings of the company. Fairfield Bush & CO. purchased a new position in shares of CrowdStrike during the first quarter valued at approximately $654,000. MetLife Investment Management LLC bought a new stake in CrowdStrike during the 1st quarter valued at approximately $2,930,000. Yousif Capital Management LLC grew its stake in CrowdStrike by 4.3% in the first quarter. Yousif Capital Management LLC now owns 2,934 shares of the company’s stock worth $666,000 after purchasing an additional 120 shares during the period. Raymond James Trust N.A. grew its position in shares of CrowdStrike by 37.3% in the 1st quarter. Raymond James Trust N.A. now owns 2,830 shares of the company’s stock worth $643,000 after buying an additional 769 shares during the period. Finally, Synovus Financial Corp grew its stake in shares of CrowdStrike by 14.4% in the 1st quarter. Synovus Financial Corp now owns 2,930 shares of the company’s stock worth $658,000 after buying an additional 369 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.