CrowdStrike (NASDAQ:CRWD) Given New $370.00 Price Target at Cantor Fitzgerald

CrowdStrike (NASDAQ:CRWD) had its price objective upped by Cantor Fitzgerald from $350.00 to $370.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages have also recently commented on CRWD. Citigroup reduced their target price on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. JMP Securities reissued a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Susquehanna reiterated a “positive” rating and issued a $310.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. BNP Paribas initiated coverage on CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. Finally, HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and increased their price target for the company from $302.00 to $339.00 in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $335.62.

CrowdStrike Price Performance

NASDAQ CRWD traded up $4.53 during trading hours on Thursday, reaching $362.08. The company’s stock had a trading volume of 799,822 shares, compared to its average volume of 4,972,516. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $398.33. The company’s 50-day moving average is $305.77 and its two-hundred day moving average is $311.53. The firm has a market capitalization of $88.76 billion, a price-to-earnings ratio of 524.80, a P/E/G ratio of 23.89 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. On average, equities analysts predict that CrowdStrike will post 0.52 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 in the last ninety days. 4.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike in the 2nd quarter valued at $25,000. Family Firm Inc. acquired a new position in CrowdStrike during the 2nd quarter worth approximately $30,000. Itau Unibanco Holding S.A. acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at approximately $33,000. Unique Wealth Strategies LLC purchased a new stake in shares of CrowdStrike in the second quarter valued at approximately $36,000. Finally, Hobbs Group Advisors LLC acquired a new position in CrowdStrike during the second quarter worth $38,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Company Profile

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.