CrowdStrike (NASDAQ:CRWD) Cut to “Sector Perform” at Scotiabank

Scotiabank lowered shares of CrowdStrike (NASDAQ:CRWD) from a sector outperform rating to a sector perform rating in a research note published on Monday, MarketBeat reports. They currently have $300.00 price target on the stock, down from their previous price target of $393.00.

A number of other equities research analysts also recently commented on CRWD. FBN Securities upgraded CrowdStrike to a strong-buy rating in a research report on Wednesday, June 5th. Canaccord Genuity Group lifted their target price on CrowdStrike from $400.00 to $405.00 and gave the company a buy rating in a research report on Wednesday, June 5th. DA Davidson reduced their target price on CrowdStrike from $425.00 to $380.00 and set a buy rating on the stock in a research report on Wednesday, June 5th. Guggenheim downgraded CrowdStrike from a buy rating to a neutral rating in a report on Monday. Finally, Mizuho cut their price objective on CrowdStrike from $390.00 to $370.00 and set a buy rating on the stock in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $359.16.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $254.15 on Monday. The stock’s fifty day moving average is $355.96 and its two-hundred day moving average is $326.03. The firm has a market capitalization of $61.85 billion, a P/E ratio of 479.54, a price-to-earnings-growth ratio of 13.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. CrowdStrike has a fifty-two week low of $140.52 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted 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). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The business had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. On average, research analysts anticipate that CrowdStrike will post 0.9 earnings per share for the current year.

Insider Activity at CrowdStrike

In related news, CFO Burt W. Podbere sold 15,753 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $305.15, for a total value of $4,807,027.95. Following the completion of the sale, the chief financial officer now directly owns 313,994 shares of the company’s stock, valued at approximately $95,815,269.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the completion of the sale, the insider now directly owns 204,961 shares of the company’s stock, valued at approximately $68,358,592.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 15,753 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $305.15, for a total value of $4,807,027.95. Following the sale, the chief financial officer now directly 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 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 Trading of CrowdStrike

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arlington Financial Advisors LLC raised its stake in CrowdStrike by 1.5% during the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after acquiring an additional 30 shares during the last quarter. Saturna Capital Corp raised its stake in CrowdStrike by 2.7% during 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 during the last quarter. Means Investment CO. Inc. raised its stake in shares of CrowdStrike by 1.8% during the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after buying an additional 35 shares in the last quarter. Shepherd Financial Partners LLC raised its stake in shares of CrowdStrike by 1.4% during the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after buying an additional 36 shares in the last quarter. Finally, Cigna Investments Inc. New raised its stake in shares of CrowdStrike by 1.7% during the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after buying an additional 38 shares in 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.