CrowdStrike (NASDAQ:CRWD) Raised to Strong-Buy at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of CrowdStrike (NASDAQ:CRWD) to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

A number of other research analysts also recently weighed in on CRWD. Rosenblatt Securities reaffirmed a “buy” rating and set a $325.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. Susquehanna reaffirmed a “positive” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Hsbc Global Res raised shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Raymond James decreased their price target on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $335.62.

CrowdStrike Stock Up 4.1 %

Shares of NASDAQ:CRWD opened at $372.26 on Wednesday. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The business’s 50-day moving average is $308.04 and its 200-day moving average is $311.91. The company has a market capitalization of $91.25 billion, a price-to-earnings ratio of 539.51, a P/E/G ratio of 25.88 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. Equities research analysts predict that CrowdStrike will post 0.49 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 10,776 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the completion of the sale, the president now owns 400,390 shares of the company’s stock, valued at approximately $119,027,939.20. This trade represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock valued at $32,465,110 in the last quarter. 4.34% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Large investors have recently modified their holdings of the business. Beacon Financial Advisory LLC bought a new stake in CrowdStrike during the third quarter valued at approximately $955,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after acquiring an additional 78,305 shares during the last quarter. Burney Co. bought a new stake in shares of CrowdStrike during the 1st quarter worth $1,342,000. Doliver Advisors LP grew its position in CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after acquiring an additional 4,664 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after acquiring an additional 2,863 shares during the last quarter. 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.