CrowdStrike’s (CRWD) “Overweight” Rating Reiterated at Cantor Fitzgerald

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

Several other research analysts have also commented on CRWD. Robert W. Baird lifted their price target on CrowdStrike from $281.00 to $350.00 and gave the stock an outperform rating in a report on Wednesday, March 6th. Citigroup lifted their price target on CrowdStrike from $320.00 to $425.00 and gave the stock a buy rating in a report on Thursday, March 7th. Guggenheim boosted their price objective on shares of CrowdStrike from $358.00 to $424.00 and gave the company a buy rating in a report on Wednesday, March 6th. Royal Bank of Canada restated an outperform rating and issued a $420.00 price objective on shares of CrowdStrike in a report on Wednesday, June 5th. Finally, FBN Securities upgraded shares of CrowdStrike to a strong-buy rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $380.62.

CrowdStrike Stock Down 0.4 %

NASDAQ CRWD opened at $380.63 on Friday. CrowdStrike has a 52 week low of $139.37 and a 52 week high of $394.64. 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 business’s fifty day simple moving average is $332.62 and its 200-day simple moving average is $309.54. The firm has a market cap of $92.63 billion, a PE ratio of 718.18, a P/E/G ratio of 19.09 and a beta of 1.08.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the sale, the insider now owns 200,672 shares in the company, valued at $76,843,328.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total value of $592,094.72. Following the completion of the sale, the chief accounting officer now owns 34,350 shares in the company, valued at $11,387,712. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the completion of the sale, the insider now owns 200,672 shares of the company’s stock, valued at approximately $76,843,328.96. The disclosure for this sale can be found here. Insiders sold a total of 182,742 shares of company stock worth $57,672,688 over the last 90 days. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Regal Investment Advisors LLC raised its stake in shares of CrowdStrike by 5.4% during the third quarter. Regal Investment Advisors LLC now owns 1,437 shares of the company’s stock worth $241,000 after purchasing an additional 73 shares during the last quarter. LPL Financial LLC raised its stake in shares of CrowdStrike by 4.4% during the third quarter. LPL Financial LLC now owns 288,347 shares of the company’s stock worth $48,264,000 after purchasing an additional 12,224 shares during the last quarter. Northern Trust Corp raised its stake in shares of CrowdStrike by 2.0% during the third quarter. Northern Trust Corp now owns 1,374,920 shares of the company’s stock worth $230,134,000 after purchasing an additional 27,395 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of CrowdStrike by 38.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,956 shares of the company’s stock worth $327,000 after purchasing an additional 542 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of CrowdStrike by 8.5% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,474 shares of the company’s stock worth $749,000 after purchasing an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.