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

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

CRWD has been the topic of several other reports. Robert W. Baird reduced their price objective on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Citigroup cut their price objective on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. CICC Research began coverage on shares of CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective on the stock. Finally, Oppenheimer lowered their target price on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $335.62.

CrowdStrike Price Performance

CrowdStrike stock opened at $372.26 on Wednesday. The firm has a market capitalization of $91.25 billion, a PE ratio of 539.51, a P/E/G ratio of 23.89 and a beta of 1.10. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $398.33. The firm’s 50-day simple moving average is $308.04 and its 200 day simple moving average is $311.91. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last released 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 for the quarter, compared to analyst estimates of $958.27 million. During the same period in the prior year, the business earned $0.06 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, equities research analysts predict that CrowdStrike will post 0.52 EPS for the current fiscal year.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 over the last 90 days. Company insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. bought a new position in CrowdStrike during the third quarter worth $28,000. Tsfg LLC boosted its holdings in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Family Firm Inc. acquired a new position in CrowdStrike in the second quarter worth $30,000. Finally, Castleview Partners LLC bought a new stake in CrowdStrike during the third quarter valued at $32,000. 71.16% of the stock is currently owned by institutional investors.

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.