CrowdStrike (NASDAQ:CRWD) Rating Reiterated by Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of CrowdStrike (NASDAQ:CRWD - Free Report) in a report released on Monday morning, Benzinga reports. They currently have a $400.00 target price on the stock.

A number of other equities research analysts also recently weighed in on CRWD. The Goldman Sachs Group dropped their target price on CrowdStrike from $400.00 to $295.00 and set a buy rating for the company in a research report on Thursday. Scotiabank dropped their target price on CrowdStrike from $300.00 to $265.00 and set a sector perform rating for the company in a research report on Wednesday, August 14th. Wedbush restated an outperform rating and set a $315.00 target price on shares of CrowdStrike in a research report on Friday, August 9th. KeyCorp dropped their target price on CrowdStrike from $440.00 to $420.00 and set an overweight rating for the company in a research report on Wednesday, July 17th. Finally, Westpark Capital restated a hold rating on shares of CrowdStrike in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $337.58.

CrowdStrike Price Performance

CRWD traded up $4.24 during trading on Monday, hitting $266.78. The company's stock had a trading volume of 5,443,135 shares, compared to its average volume of 5,425,959. The firm's 50 day moving average price is $322.77 and its two-hundred day moving average price is $321.07. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike has a 12 month low of $141.97 and a 12 month high of $398.33. The stock has a market capitalization of $64.92 billion, a price-to-earnings ratio of 503.36, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The business had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. Sell-side analysts forecast that CrowdStrike will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,587 shares of the company's stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total value of $20,925,726.15. Following the sale, the chief executive officer now owns 1,127,843 shares in the company, valued at $424,576,497.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO George Kurtz sold 55,587 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the transaction, the chief executive officer now owns 1,127,843 shares in the company, valued at $424,576,497.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the transaction, the insider now owns 200,672 shares in the company, valued at approximately $76,843,328.96. The disclosure for this sale can be found here. Insiders have sold 130,219 shares of company stock worth $48,856,294 over the last 90 days. Company insiders own 4.34% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

A number of large investors have recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike during the second quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in CrowdStrike during the second quarter worth approximately $30,000. Itau Unibanco Holding S.A. acquired a new stake in CrowdStrike during the second quarter worth approximately $33,000. Unique Wealth Strategies LLC acquired a new stake in CrowdStrike during the second quarter worth approximately $36,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike during the first quarter worth approximately $30,000. 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.