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

Cantor Fitzgerald reaffirmed their overweight rating on shares of CrowdStrike (NASDAQ:CRWD) in a report issued on Wednesday morning,Benzinga reports. The firm currently has a $440.00 price objective on the stock.

A number of other brokerages have also recently commented on CRWD. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research report on Wednesday. Bank of America increased their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Truist Financial increased their target price on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. UBS Group increased their target price on CrowdStrike from $396.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Finally, Susquehanna increased their target price on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.10.

CrowdStrike Stock Performance

Shares of CRWD opened at $365.44 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $387.84 and a two-hundred day simple moving average of $338.02. The stock has a market cap of $90.01 billion, a price-to-earnings ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This trade represents a 3.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 100,315 shares of company stock valued at $38,387,254. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently modified their holdings of CRWD. Harbor Capital Advisors Inc. increased its holdings in CrowdStrike by 61.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,521 shares of the company’s stock worth $988,000 after purchasing an additional 1,335 shares during the period. National Pension Service increased its holdings in CrowdStrike by 19.3% during the 3rd quarter. National Pension Service now owns 316,512 shares of the company’s stock worth $88,772,000 after purchasing an additional 51,134 shares during the period. Moloney Securities Asset Management LLC increased its holdings in CrowdStrike by 6.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 983 shares of the company’s stock worth $276,000 after purchasing an additional 59 shares during the period. ASB Consultores LLC increased its holdings in CrowdStrike by 68.4% during the 3rd quarter. ASB Consultores LLC now owns 886 shares of the company’s stock worth $248,000 after purchasing an additional 360 shares during the period. Finally, Beacon Financial Advisory LLC purchased a new position in CrowdStrike during the 3rd quarter worth $955,000. 71.16% of the stock is owned by 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.