CrowdStrike (NASDAQ:CRWD) Earns Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of CrowdStrike (NASDAQ:CRWD) in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has a $350.00 target price on the stock.

A number of other equities analysts have also recently issued reports on the stock. DA Davidson reiterated a buy rating and issued a $310.00 price target on shares of CrowdStrike in a research note on Wednesday, September 18th. Wedbush reiterated an outperform rating and issued a $315.00 target price on shares of CrowdStrike in a research note on Friday, August 9th. Stifel Nicolaus reduced their price target on shares of CrowdStrike from $400.00 to $300.00 and set a buy rating for the company in a research report on Friday, August 9th. KeyCorp lowered their price objective on CrowdStrike from $440.00 to $420.00 and set an overweight rating on the stock in a research report on Wednesday, July 17th. Finally, FBN Securities raised CrowdStrike to a strong-buy rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of Moderate Buy and an average target price of $327.03.

CrowdStrike Price Performance

Shares of CRWD stock opened at $299.85 on Thursday. The business’s fifty day moving average is $265.90 and its 200 day moving average is $312.27. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market cap of $72.97 billion, a price-to-earnings ratio of 565.75, a PEG ratio of 16.14 and a beta of 1.09. CrowdStrike has a twelve month low of $157.59 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period in the prior year, the firm earned $0.06 EPS. The company’s revenue was up 31.7% compared to the same quarter last year. Research analysts expect that CrowdStrike will post 0.56 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the sale, the director now owns 824,234 shares in the company, valued at $313,382,009.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,500 shares of company stock valued at $13,301,815. 4.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after buying an additional 315,280 shares during the period. First Trust Advisors LP increased its stake in CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after purchasing an additional 358,945 shares during the period. Legal & General Group Plc lifted its position in shares of CrowdStrike by 3.0% during the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after purchasing an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after purchasing an additional 77,100 shares during the period. Finally, Pathstone Holdings LLC bought a new position in shares of CrowdStrike in the fourth quarter worth about $450,418,000. 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.