Cantor Fitzgerald Forecasts Strong Price Appreciation for CrowdStrike (NASDAQ:CRWD) Stock

CrowdStrike (NASDAQ:CRWD) had its price target upped by research analysts at Cantor Fitzgerald from $440.00 to $475.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 1.97% from the stock’s previous close.

CRWD has been the topic of several other research reports. BTIG Research restated a “buy” rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Truist Financial reduced their price objective on CrowdStrike from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Susquehanna lifted their price objective on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research report on Wednesday, March 5th. Finally, JMP Securities lifted their target price on CrowdStrike from $400.00 to $500.00 and gave the company a “market outperform” rating in a research report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $408.12.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $465.82 on Friday. The company 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. The stock’s 50 day simple moving average is $404.18 and its 200-day simple moving average is $383.90. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $474.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insiders Place Their Bets

In other CrowdStrike 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 transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $469.00, for a total value of $4,690,000.00. Following the sale, the director now directly owns 39,500 shares of the company’s stock, valued at $18,525,500. This trade represents a 20.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 195,431 shares of company stock valued at $79,162,548 in the last ninety days. Insiders own 3.32% of the company’s stock.

Institutional Trading of CrowdStrike

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nova Wealth Management Inc. lifted its holdings in shares of CrowdStrike by 12.5% in the 1st quarter. Nova Wealth Management Inc. now owns 405 shares of the company’s stock valued at $143,000 after purchasing an additional 45 shares during the last quarter. Anderson Financial Strategies LLC purchased a new stake in shares of CrowdStrike in the 1st quarter valued at about $206,000. Strs Ohio purchased a new stake in shares of CrowdStrike in the 1st quarter valued at about $62,872,000. Wealth Management Associates Inc. lifted its holdings in shares of CrowdStrike by 2.2% in the 1st quarter. Wealth Management Associates Inc. now owns 4,470 shares of the company’s stock valued at $1,576,000 after purchasing an additional 98 shares during the last quarter. Finally, Siren L.L.C. lifted its holdings in shares of CrowdStrike by 4.2% in the 1st quarter. Siren L.L.C. now owns 25,000 shares of the company’s stock valued at $8,814,000 after purchasing an additional 1,000 shares during the last quarter. 71.16% of the stock is 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.