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

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

CRWD has been the topic of several other research reports. DA Davidson lifted their price target on shares of CrowdStrike from $285.00 to $425.00 and gave the stock a buy rating in a research note on Wednesday, March 6th. The Goldman Sachs Group lifted their price target on shares of CrowdStrike from $222.00 to $370.00 and gave the stock a buy rating in a research note on Wednesday, February 21st. Westpark Capital reissued a hold rating on shares of CrowdStrike in a research report on Wednesday, January 17th. Sanford C. Bernstein started coverage on shares of CrowdStrike in a research report on Thursday, January 18th. They issued an outperform rating and a $334.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of CrowdStrike from $350.00 to $371.00 and gave the stock an overweight rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $371.87.

CrowdStrike Stock Performance

CrowdStrike stock opened at $282.64 on Wednesday. CrowdStrike has a 12-month low of $115.67 and a 12-month high of $365.00. The company has a market capitalization of $68.36 billion, a price-to-earnings ratio of 785.13, a price-to-earnings-growth ratio of 11.75 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 firm’s fifty day moving average price is $317.72 and its 200 day moving average price is $263.70.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) 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 firm had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. On average, research analysts forecast that CrowdStrike will post 1.12 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the sale, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The disclosure for this sale can be found here. In the last three months, insiders sold 223,544 shares of company stock valued at $72,113,932. Company insiders own 5.68% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in CRWD. Coppell Advisory Solutions Corp. bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $25,000. CVA Family Office LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $26,000. Hexagon Capital Partners LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $26,000. Silver Oak Securities Incorporated bought a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $27,000. Finally, Bear Mountain Capital Inc. bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $27,000. 71.16% of the stock is currently owned by 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.