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

Cantor Fitzgerald reissued their overweight rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note released on Wednesday, Benzinga reports. The firm currently has a $400.00 price target on the stock.

CRWD has been the topic of several other research reports. Robert W. Baird increased their price target on CrowdStrike from $281.00 to $350.00 and gave the company an outperform rating in a report on Wednesday, March 6th. Citigroup increased their target price on CrowdStrike from $320.00 to $425.00 and gave the stock a buy rating in a research note on Thursday, March 7th. KeyCorp increased their target price on CrowdStrike from $375.00 to $430.00 and gave the stock an overweight rating in a research note on Wednesday, March 6th. BMO Capital Markets increased their target price on CrowdStrike from $332.00 to $425.00 and gave the stock an outperform rating in a research note on Wednesday, March 6th. Finally, JPMorgan Chase & Co. increased their target price on CrowdStrike from $350.00 to $371.00 and gave the stock an overweight rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $373.29.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $293.69 on Wednesday. The stock’s fifty day moving average is $319.23 and its 200 day moving average is $262.69. CrowdStrike has a fifty-two week low of $115.67 and a fifty-two week high of $365.00. The firm has a market capitalization of $71.03 billion, a PE ratio of 815.83, a PEG ratio of 11.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76.

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

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was 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 owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRWD. Coppell Advisory Solutions Corp. purchased a new position in shares of CrowdStrike in the fourth quarter worth about $25,000. CVA Family Office LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth about $26,000. Hexagon Capital Partners LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth about $26,000. Silver Oak Securities Incorporated purchased a new position in shares of CrowdStrike in the third quarter worth about $27,000. Finally, Bear Mountain Capital Inc. purchased a new position in shares of CrowdStrike in the fourth quarter worth about $27,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.