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

CrowdStrike (NASDAQ:CRWD)‘s stock had its “overweight” rating reiterated by Cantor Fitzgerald in a report issued on Wednesday, Benzinga reports. They presently have a $400.00 price target on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 35.86% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. TD Cowen upped their target price on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Needham & Company LLC lifted their target price on shares of CrowdStrike from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. DA Davidson boosted their target price on shares of CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. BTIG Research lifted their price objective on CrowdStrike from $322.00 to $432.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Monday, April 8th. One research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $373.29.

CrowdStrike Stock Down 1.6 %

Shares of NASDAQ:CRWD traded down $4.74 during trading on Wednesday, reaching $294.41. 1,727,347 shares of the stock traded hands, compared to its average volume of 3,638,295. The stock has a market cap of $71.21 billion, a P/E ratio of 816.91, a price-to-earnings-growth 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. The stock has a 50-day moving average of $319.71 and a two-hundred day moving average of $262.47. CrowdStrike has a 52-week low of $115.67 and a 52-week high of $365.00.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, March 5th. The company reported $0.24 EPS 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 business had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. As a group, sell-side analysts expect that CrowdStrike will post 1.12 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction dated 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 owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the transaction, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 223,544 shares of company stock worth $72,113,932. Insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of CrowdStrike by 2.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock valued at $934,000 after acquiring an additional 141 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in CrowdStrike during the 4th quarter worth $1,228,000. Financial Counselors Inc. raised its position in CrowdStrike by 3.9% during the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after purchasing an additional 50 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of CrowdStrike by 17.1% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after buying an additional 23,265 shares during the period. Finally, Highland Capital Management LLC grew its position in shares of CrowdStrike by 0.6% during the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after buying an additional 181 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

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.