BTIG Research Lowers CrowdStrike (NASDAQ:CRWD) to Neutral

BTIG Research downgraded shares of CrowdStrike (NASDAQ:CRWD) from a buy rating to a neutral rating in a research report sent to investors on Monday morning, Marketbeat reports.

Other analysts also recently issued research reports about the company. Canaccord Genuity Group raised their price target on CrowdStrike from $400.00 to $405.00 and gave the stock a buy rating in a report on Wednesday, June 5th. Mizuho reduced their price target on shares of CrowdStrike from $390.00 to $370.00 and set a buy rating for the company in a report on Wednesday, June 5th. FBN Securities raised shares of CrowdStrike to a strong-buy rating in a report on Wednesday, June 5th. Redburn Atlantic downgraded shares of CrowdStrike from a neutral rating to a sell rating and cut their price objective for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. Finally, Piper Sandler cut shares of CrowdStrike from an overweight rating to a neutral rating and set a $400.00 target price for the company. in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $359.16.

CrowdStrike Stock Down 4.0 %

Shares of NASDAQ:CRWD opened at $258.14 on Monday. The firm has a market cap of $62.82 billion, a PE ratio of 487.06, a price-to-earnings-growth ratio of 13.30 and a beta of 1.10. The company has a fifty day simple moving average of $357.65 and a 200 day simple moving average of $326.53. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike has a 12-month low of $140.52 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. On average, equities research analysts anticipate that CrowdStrike will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 15,753 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the completion of the sale, the chief financial officer now directly owns 313,994 shares in the company, valued at approximately $95,815,269.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO George Kurtz sold 56,279 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the transaction, the chief executive officer now owns 1,146,048 shares in the company, valued at $348,868,471.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 15,753 shares of CrowdStrike stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the completion of the sale, the chief financial officer now owns 313,994 shares of the company’s stock, valued at $95,815,269.10. The disclosure for this sale can be found here. Insiders have sold a total of 219,675 shares of company stock valued at $76,931,522 in the last three months. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CRWD. Arlington Financial Advisors LLC raised its holdings in CrowdStrike by 1.5% during the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after buying an additional 30 shares in the last quarter. Saturna Capital Corp raised its stake in shares of CrowdStrike by 2.7% in the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after acquiring an additional 33 shares in the last quarter. Means Investment CO. Inc. lifted its holdings in CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after purchasing an additional 35 shares during the last quarter. Shepherd Financial Partners LLC grew its holdings in CrowdStrike by 1.4% during the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after purchasing an additional 36 shares during the last quarter. Finally, Cigna Investments Inc. New raised its holdings in CrowdStrike by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after acquiring an additional 38 shares during the period. Institutional investors own 71.16% of the company’s stock.

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.