CrowdStrike’s (CRWD) Overweight Rating Reaffirmed at Cantor Fitzgerald

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

CRWD has been the topic of several other reports. Susquehanna lifted their target price on CrowdStrike from $330.00 to $410.00 and gave the company a positive rating in a research note on Thursday, March 7th. Wedbush lifted their price objective on shares of CrowdStrike from $278.00 to $350.00 and gave the company an outperform rating in a research report on Tuesday, March 5th. Mizuho upped their price objective on shares of CrowdStrike from $360.00 to $390.00 and gave the stock a buy rating in a research report on Wednesday, March 6th. BMO Capital Markets raised their target price on shares of CrowdStrike from $332.00 to $425.00 and gave the stock an outperform rating in a research note on Wednesday, March 6th. Finally, Macquarie reiterated an outperform rating and set a $370.00 price target on shares of CrowdStrike in a research note on Tuesday, March 19th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $373.29.

CrowdStrike Stock Down 1.8 %

CRWD stock opened at $293.69 on Wednesday. The company has a market cap of $71.03 billion, a price-to-earnings ratio of 815.83, a price-to-earnings-growth ratio of 11.98 and a beta of 1.05. The company has a fifty day moving average price of $319.23 and a 200 day moving average price of $262.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. CrowdStrike has a 12 month low of $115.67 and a 12 month high of $365.00.

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

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the sale, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The transaction was disclosed in a filing with the SEC, which is available through this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $316.82, for a total value of $4,752,300.00. Following the transaction, the director now directly owns 839,234 shares in the company, valued at approximately $265,886,115.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Coppell Advisory Solutions Corp. purchased a new position in shares of CrowdStrike in the 4th quarter worth $25,000. CVA Family Office LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth $26,000. Hexagon Capital Partners LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth $26,000. Silver Oak Securities Incorporated purchased a new position in shares of CrowdStrike in the 3rd quarter worth $27,000. Finally, Bear Mountain Capital Inc. purchased a new position in shares of CrowdStrike in the 4th quarter worth $27,000. Hedge funds and other institutional investors 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.