Cantor Fitzgerald Lowers CrowdStrike (NASDAQ:CRWD) Price Target to $350.00

CrowdStrike (NASDAQ:CRWD) had its price objective lowered by Cantor Fitzgerald from $400.00 to $350.00 in a research note released on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on CRWD. JMP Securities reaffirmed a market outperform rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Tuesday, May 14th. Citigroup dropped their price objective on CrowdStrike from $345.00 to $300.00 and set a buy rating on the stock in a research report on Wednesday, August 14th. HSBC downgraded CrowdStrike from a buy rating to a hold rating and dropped their price objective for the company from $388.00 to $302.00 in a research report on Tuesday, July 23rd. BTIG Research downgraded CrowdStrike from a buy rating to a neutral rating in a report on Monday, July 22nd. Finally, Redburn Atlantic downgraded CrowdStrike from a neutral rating to a sell rating and lowered their price target for the stock from $380.00 to $275.00 in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $329.47.

CrowdStrike Price Performance

CRWD opened at $277.28 on Thursday. CrowdStrike has a 12-month low of $145.38 and a 12-month high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.80 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $301.88 and its 200-day simple moving average is $318.05. The company has a market capitalization of $67.48 billion, a price-to-earnings ratio of 523.18, a PEG ratio of 13.44 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the company earned $0.06 earnings per share. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, equities research analysts anticipate that CrowdStrike will post 0.81 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO George Kurtz sold 55,587 shares of the business’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 completion of the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at $424,576,497.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO George Kurtz sold 55,587 shares of the business’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 completion of the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at $424,576,497.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The disclosure for this sale can be found here. Insiders sold 130,219 shares of company stock worth $48,856,294 over the last three months. 4.34% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Institutional investors have recently made changes to their positions in the company. Burney Co. acquired a new stake in shares of CrowdStrike in the first quarter worth approximately $1,342,000. Los Angeles Capital Management LLC boosted its stake in shares of CrowdStrike by 5,210.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 124,590 shares of the company’s stock worth $31,810,000 after acquiring an additional 122,244 shares during the last quarter. BNP Paribas acquired a new position in CrowdStrike during the first quarter worth $2,685,000. Principal Financial Group Inc. boosted its stake in CrowdStrike by 429.2% during the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after buying an additional 242,052 shares during the last quarter. Finally, Swedbank AB acquired a new position in CrowdStrike during the first quarter worth $73,972,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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.