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

Cantor Fitzgerald reaffirmed their overweight rating on shares of CrowdStrike (NASDAQ:CRWD) in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a $400.00 target price on the stock.

CRWD has been the subject of a number of other research reports. Sanford C. Bernstein dropped their price target on CrowdStrike from $381.00 to $315.00 and set an outperform rating for the company in a research report on Monday. Morgan Stanley lowered their target price on shares of CrowdStrike from $360.00 to $325.00 and set an overweight rating on the stock in a research note on Thursday, August 15th. Robert W. Baird decreased their price target on shares of CrowdStrike from $350.00 to $335.00 and set an outperform rating on the stock in a report on Tuesday, July 23rd. Jefferies Financial Group lowered their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a buy rating on the stock in a research report on Wednesday, July 31st. Finally, Piper Sandler raised CrowdStrike from a neutral rating to an overweight rating and reduced their target price for the company from $310.00 to $290.00 in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $337.58.

CrowdStrike Stock Down 2.0 %

Shares of NASDAQ CRWD opened at $267.64 on Monday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The company has a market cap of $65.13 billion, a P/E ratio of 504.98, a P/E/G ratio of 11.79 and a beta of 1.10. CrowdStrike has a 52 week low of $141.97 and a 52 week high of $398.33. The business has a 50-day simple moving average of $315.82 and a two-hundred day simple moving average of $320.11.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Research analysts anticipate that CrowdStrike will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total value of $20,925,726.15. Following the sale, the chief executive officer now owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock valued at $48,856,294 over the last ninety days. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently modified their holdings of the stock. Calamos Advisors LLC boosted its stake in CrowdStrike by 5.9% in the 4th quarter. Calamos Advisors LLC now owns 2,530 shares of the company’s stock worth $646,000 after purchasing an additional 140 shares in the last quarter. Greenleaf Trust purchased a new position in CrowdStrike in the fourth quarter worth about $223,000. J.W. Cole Advisors Inc. lifted its stake in shares of CrowdStrike by 17.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 5,021 shares of the company’s stock worth $1,282,000 after buying an additional 761 shares in the last quarter. abrdn plc grew its holdings in shares of CrowdStrike by 104.4% during the fourth quarter. abrdn plc now owns 74,410 shares of the company’s stock valued at $18,998,000 after buying an additional 38,007 shares during the last quarter. Finally, Lindbrook Capital LLC increased its position in shares of CrowdStrike by 11.2% during the fourth quarter. Lindbrook Capital LLC now owns 777 shares of the company’s stock valued at $198,000 after acquiring an additional 78 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other 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.