CrowdStrike (NASDAQ:CRWD) Stock Rating Reaffirmed by Cantor Fitzgerald

CrowdStrike (NASDAQ:CRWD)‘s stock had its “overweight” rating reissued by analysts at Cantor Fitzgerald in a research report issued on Thursday, Benzinga reports. They currently have a $350.00 price target on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 16.73% from the stock’s previous close.

Several other equities analysts also recently weighed in on CRWD. Deutsche Bank Aktiengesellschaft lowered their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. UBS Group lowered their target price on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. cut their price target on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Truist Financial restated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research report on Wednesday, August 28th. Finally, Barclays increased their target price on CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $327.03.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $299.85 on Thursday. The firm has a 50 day moving average of $265.90 and a 200 day moving average of $312.29. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $72.97 billion, a price-to-earnings ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. CrowdStrike has a 12-month low of $157.59 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the business posted $0.06 earnings per share. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, research analysts anticipate that CrowdStrike will post 0.56 earnings per share for the current year.

Insider Activity

In other news, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the transaction, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the transaction, the insider now owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now directly owns 18,297 shares in the company, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,577 shares of company stock valued at $16,330,609. 4.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently bought and sold shares of CRWD. Quadrant Capital Group LLC grew its position in CrowdStrike by 110.0% in the 4th quarter. Quadrant Capital Group LLC now owns 378 shares of the company’s stock valued at $97,000 after acquiring an additional 198 shares during the last quarter. TrinityPoint Wealth LLC bought a new position in CrowdStrike in the 4th quarter valued at $277,000. Dynamic Technology Lab Private Ltd bought a new position in CrowdStrike in the 4th quarter valued at $583,000. PNC Financial Services Group Inc. lifted its holdings in shares of CrowdStrike by 16.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 40,603 shares of the company’s stock worth $10,367,000 after buying an additional 5,884 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of CrowdStrike in the 4th quarter worth $508,000. 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.