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

CrowdStrike (NASDAQ:CRWD) was upgraded by analysts at Cantor Fitzgerald to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other analysts have also recently weighed in on CRWD. Royal Bank of Canada cut their price objective on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. KeyCorp upped their price target on CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and raised their price objective for the company from $302.00 to $339.00 in a research report on Friday, August 30th. Oppenheimer reduced their target price on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, TD Cowen lowered their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $334.33.

CrowdStrike Price Performance

Shares of CRWD stock opened at $357.55 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $87.65 billion, a P/E ratio of 518.19, a P/E/G ratio of 23.89 and a beta of 1.10. The business’s 50 day moving average price is $305.77 and its 200-day moving average price is $311.53. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities research analysts anticipate that CrowdStrike will post 0.52 earnings per share for the current year.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,248 shares of company stock valued at $32,465,110. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of CRWD. Tri Ri Asset Management Corp bought a new stake in shares of CrowdStrike in the third quarter valued at about $5,456,000. SOA Wealth Advisors LLC. raised its holdings in shares of CrowdStrike by 25.5% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 241 shares of the company’s stock valued at $68,000 after purchasing an additional 49 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of CrowdStrike by 44.7% in the 3rd quarter. Westside Investment Management Inc. now owns 4,988 shares of the company’s stock worth $1,397,000 after purchasing an additional 1,542 shares during the period. Advisory Resource Group increased its holdings in CrowdStrike by 37.9% during the third quarter. Advisory Resource Group now owns 4,025 shares of the company’s stock valued at $1,129,000 after buying an additional 1,106 shares during the period. Finally, Second Line Capital LLC raised its stake in CrowdStrike by 28.4% in the third quarter. Second Line Capital LLC now owns 972 shares of the company’s stock worth $273,000 after buying an additional 215 shares in 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.