Cantor Fitzgerald Reiterates “Overweight” Rating for CrowdStrike (NASDAQ:CRWD)

Cantor Fitzgerald reaffirmed their overweight rating on shares of CrowdStrike (NASDAQ:CRWD) in a research report report published on Thursday morning, Benzinga reports. The firm currently has a $350.00 price objective on the stock.

Several other research firms have also commented on CRWD. FBN Securities raised CrowdStrike to a strong-buy rating in a research report on Wednesday, June 5th. Susquehanna decreased their price target on shares of CrowdStrike from $410.00 to $310.00 and set a positive rating for the company in a research report on Thursday, September 5th. Guggenheim downgraded shares of CrowdStrike from a buy rating to a neutral rating in a research report on Monday, July 22nd. Oppenheimer decreased their target price on shares of CrowdStrike from $450.00 to $365.00 and set an outperform rating for the company in a research report on Thursday, August 29th. Finally, Citigroup lowered their target price on shares of CrowdStrike from $345.00 to $300.00 and set a buy rating for the company in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $327.03.

CrowdStrike Stock Performance

CRWD stock opened at $299.85 on Thursday. CrowdStrike has a 1-year low of $157.59 and a 1-year high of $398.33. The business has a 50-day moving average price of $265.90 and a 200 day moving average price of $312.27. The company has a market capitalization of $72.97 billion, a P/E ratio of 565.75, a PEG ratio of 16.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the previous year, the business posted $0.06 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, equities research analysts forecast that CrowdStrike will post 0.56 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the sale, the director now directly owns 18,297 shares in the company, valued at approximately $7,136,012.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the transaction, the director now owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Insiders sold a total of 37,500 shares of company stock worth $13,301,815 in the last three months. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after purchasing an additional 315,280 shares during the period. First Trust Advisors LP lifted its stake in CrowdStrike by 19.3% in the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after buying an additional 358,945 shares in the last quarter. Legal & General Group Plc boosted its holdings in CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after buying an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. increased its stake in CrowdStrike by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after buying an additional 77,100 shares in the last quarter. Finally, Pathstone Holdings LLC acquired a new position in shares of CrowdStrike during the fourth quarter valued at approximately $450,418,000. Institutional investors and hedge funds 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.