CrowdStrike (NASDAQ:CRWD) Given New $475.00 Price Target at Cantor Fitzgerald

CrowdStrike (NASDAQ:CRWD - Free Report) had its target price lifted by Cantor Fitzgerald from $440.00 to $475.00 in a research note released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently weighed in on CRWD. UBS Group upped their price target on CrowdStrike from $425.00 to $545.00 and gave the stock a "buy" rating in a report on Thursday. Citigroup restated an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Canaccord Genuity Group upped their price target on CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Robert W. Baird lowered their price target on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Finally, Mizuho lowered CrowdStrike from an "outperform" rating to a "neutral" rating and set a $425.00 price target on the stock. in a research note on Thursday, May 15th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $408.12.

CrowdStrike Stock Performance

CRWD stock traded up $7.01 during trading on Friday, hitting $465.82. The company had a trading volume of 4,481,144 shares, compared to its average volume of 5,121,588. The firm has a market cap of $115.46 billion, a PE ratio of 913.39, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $474.23. The firm has a 50-day moving average price of $404.18 and a 200-day moving average price of $383.65. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the transaction, the insider now owns 89,714 shares of the company's stock, valued at $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 195,431 shares of company stock worth $79,162,548 over the last ninety days. Corporate insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently bought and sold shares of CRWD. Norges Bank bought a new position in CrowdStrike in the fourth quarter worth about $1,111,542,000. Nuveen LLC bought a new position in CrowdStrike in the first quarter worth about $595,766,000. Jennison Associates LLC lifted its holdings in CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC lifted its holdings in CrowdStrike by 50,536.2% in the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after acquiring an additional 1,084,506 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its holdings in CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after acquiring an additional 1,017,678 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.