CrowdStrike (NASDAQ:CRWD) Downgraded to Neutral by BTIG Research

CrowdStrike (NASDAQ:CRWD – Get Free Report) Equity research analysts at BTIG Research downgraded the company from “buy” to “neutral” in a research note issued on Monday, Briefing.com reports.

Several other brokerages have also recently commented on CRWD. JPMorgan Chase & Co. raised their price objective on CrowdStrike from $371.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, May 29. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Friday, June 21. FBN Securities raised shares of CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5. JMP Securities reissued a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Tuesday, May 14. Finally, Rosenblatt Securities raised their price target on shares of CrowdStrike from $415.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5. One research analyst rated the stock a “sell,” four gave a “hold” rating, thirty-four gave a “buy” rating, and one gave the company a “strong buy” rating. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $377.55.

See our latest research report on CRWD

CrowdStrike volume down 11.1%

CrowdStrike shares opened at $304.96 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. CrowdStrike has a 52-week low of $140.52 and a 52-week high of $398.33. The stock has a market capitalization of $74.22 billion, a P/E ratio of 575.41, a PEG ratio of 15.37 and a beta of 1.10. The company’s 50 day moving average price is $361.67 and its 200 day moving average price is $326.74.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last released its quarterly earnings data on Tuesday, June 4. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. Equity research analysts forecast that CrowdStrike will post 0.9 earnings per share for the current fiscal year.

CrowdStrike Internal Activity

In other news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 27. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the transaction, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 27. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the sale, the executive now directly owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The transaction was disclosed in legal documents filed with the SEC, which are available through this hyperlink . Additionally, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction dated Friday, June 21. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief financial officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. Disclosure of this sale can be found here . Over the last three months, insiders have sold 219,675 shares of the company’s stock, valued at $76,931,522. Corporate insiders own 4.34% of the company’s stock.

Hedge funds rate CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings in the stock. CHURCHILL MANAGEMENT Corp. bought a new position in CrowdStrike in Q4 worth about $1,228,000. Financial Counselors Inc. increased its holdings in shares of CrowdStrike by 3.9% in Q4. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after purchasing an additional 50 shares in the last quarter. Highland Capital Management LLC increased its holdings in CrowdStrike by 0.6% in Q4. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after purchasing an additional 181 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in CrowdStrike in Q4 worth about $58,000. Finally, Saxony Capital Management LLC bought a new position in shares of CrowdStrike in the 4th quarter worth approximately $1,756,000. Institutional investors own 71.16% of the company’s shares.

CrowdStrike Company Profile

(Download the free report)

CrowdStrike Holdings, Inc. provides cybersecurity solutions in the United States and internationally. Its unified platform provides cloud-delivered protection for endpoints, cloud workloads, identities, and data. The company offers enterprise 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, as well as securing generative AI workload services.

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