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

CrowdStrike (NASDAQ:CRWD)‘s stock had its “overweight” rating reaffirmed by investment analysts at Cantor Fitzgerald in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $400.00 target price on the stock. Cantor Fitzgerald’s target price points to a potential upside of 36.01% from the stock’s previous close.

CRWD has been the subject of a number of other research reports. BMO Capital Markets lifted their price target 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. Raymond James began coverage on shares of CrowdStrike in a research note on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 price target for the company. Susquehanna lifted their price target on shares of CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research note on Thursday, March 7th. Citigroup boosted their target price on shares of CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, Morgan Stanley boosted their target price on shares of CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. One analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Trading Up 0.1 %

NASDAQ CRWD opened at $294.10 on Wednesday. The company’s fifty day simple moving average is $318.65 and its 200-day simple moving average is $262.91. CrowdStrike has a 52 week low of $115.67 and a 52 week high of $365.00. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock has a market cap of $71.13 billion, a P/E ratio of 816.97, a PEG ratio of 11.96 and a beta of 1.05.

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

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael Sentonas sold 18,747 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the completion of the sale, the president now directly owns 382,958 shares of the company’s stock, valued at $124,767,716.40. The disclosure for this sale can be found here. In the last three months, insiders sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CRWD. Fairfield Bush & CO. acquired a new position in shares of CrowdStrike in the first quarter worth about $654,000. MetLife Investment Management LLC acquired a new position in shares of CrowdStrike in the first quarter worth about $2,930,000. Yousif Capital Management LLC boosted its holdings in shares of 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 buying an additional 120 shares during the period. Raymond James Trust N.A. boosted its holdings in shares of CrowdStrike by 37.3% in the first 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 boosted its holdings in shares of CrowdStrike by 14.4% in the first 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 period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.