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

CrowdStrike (NASDAQ:CRWD)‘s stock had its “overweight” rating reiterated by research analysts at Cantor Fitzgerald in a report issued on Wednesday, Benzinga reports. They presently have a $400.00 price objective on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 35.86% from the stock’s current price.

Other analysts have also recently issued reports about the company. Citigroup raised their price objective on CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Evercore ISI raised their price target on CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Guggenheim upped their price objective on shares of CrowdStrike from $358.00 to $424.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Scotiabank increased their price objective on shares of CrowdStrike from $320.00 to $400.00 and gave the company a “sector outperform” rating in a research report on Wednesday, March 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $400.00 target price on shares of CrowdStrike in a report on Monday, April 8th. One analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $373.29.

CrowdStrike Stock Performance

NASDAQ CRWD traded down $4.74 on Wednesday, hitting $294.41. 1,727,347 shares of the stock were exchanged, compared to its average volume of 3,638,295. The company has a market capitalization of $71.21 billion, a PE ratio of 816.91, a P/E/G ratio of 11.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The business’s fifty day moving average is $319.71 and its 200 day moving average is $262.47. CrowdStrike has a 52 week low of $115.67 and a 52 week high of $365.00.

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

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now directly owns 208,961 shares in the company, valued at approximately $64,525,067.19. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Burt W. Podbere sold 64,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $316.48, for a total transaction of $20,254,720.00. Following the completion of the transaction, the chief financial officer now directly owns 306,508 shares in the company, valued at $97,003,651.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the sale, the insider now owns 208,961 shares in the company, valued at $64,525,067.19. The disclosure for this sale can be found here. Insiders have sold a total of 223,544 shares of company stock worth $72,113,932 in the last ninety days. Company insiders own 5.68% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CRWD. Shepherd Financial Partners LLC raised its stake in CrowdStrike by 1.4% during the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after buying an additional 36 shares during the last quarter. Cigna Investments Inc. New lifted its stake in shares of CrowdStrike by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock valued at $592,000 after purchasing an additional 38 shares during the period. Pier 88 Investment Partners LLC lifted its stake in shares of CrowdStrike by 0.9% in the 4th quarter. Pier 88 Investment Partners LLC now owns 4,690 shares of the company’s stock valued at $1,197,000 after purchasing an additional 40 shares during the period. GAMMA Investing LLC grew its stake in CrowdStrike by 18.5% during the first quarter. GAMMA Investing LLC now owns 282 shares of the company’s stock worth $90,000 after purchasing an additional 44 shares during the period. Finally, Fagan Associates Inc. increased its holdings in CrowdStrike by 0.5% in the fourth quarter. Fagan Associates Inc. now owns 9,650 shares of the company’s stock worth $2,464,000 after purchasing an additional 45 shares in the last quarter. 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.