CrowdStrike (NASDAQ:CRWD) Given Overweight Rating at Cantor Fitzgerald

CrowdStrike (NASDAQ:CRWD)‘s stock had its “overweight” rating restated by analysts at Cantor Fitzgerald in a note issued to investors on Friday, Benzinga reports. They presently have a $400.00 price objective on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 5.09% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Citigroup boosted their target price on shares of CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Rosenblatt Securities raised their target price on CrowdStrike from $415.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Evercore ISI upped their price target on CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 5th. Finally, Robert W. Baird upped their target price on CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CrowdStrike currently has a consensus rating of “Buy” and an average target price of $380.62.

CrowdStrike Trading Down 0.4 %

NASDAQ CRWD opened at $380.63 on Friday. CrowdStrike has a one year low of $139.37 and a one year high of $394.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The business has a 50 day simple moving average of $332.62 and a 200 day simple moving average of $309.05. The stock has a market capitalization of $92.63 billion, a P/E ratio of 718.17, a P/E/G ratio of 19.09 and a beta of 1.08.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction 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 transaction, the insider now owns 200,672 shares of the company’s stock, valued at approximately $76,843,328.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated 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 transaction, the insider now owns 200,672 shares in the company, valued at $76,843,328.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Burt W. Podbere sold 5,424 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $349.01, for a total transaction of $1,893,030.24. Following the sale, the chief financial officer now owns 308,593 shares in the company, valued at $107,702,042.93. The disclosure for this sale can be found here. Insiders sold 182,742 shares of company stock valued at $57,672,688 over the last ninety days. 4.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently made changes to their positions in CRWD. Vanguard Group Inc. boosted its stake in CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after purchasing an additional 315,280 shares during the period. Jennison Associates LLC boosted its position in shares of CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after acquiring an additional 1,581,796 shares during the period. Morgan Stanley grew its stake in CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after acquiring an additional 2,757,251 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in CrowdStrike by 17.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after acquiring an additional 419,619 shares during the period. Finally, Norges Bank purchased a new stake in CrowdStrike in the 4th quarter worth approximately $683,336,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.