CrowdStrike (NASDAQ:CRWD) Downgraded to Neutral at Guggenheim

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

Several other brokerages have also recently commented on CRWD. Needham & Company LLC reissued a “buy” rating and set a $425.00 price target on shares of CrowdStrike in a report on Wednesday, June 5. JMP Securities reiterated a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a report on Tuesday, May 14. Canaccord Genuity Group raised their price target on shares of CrowdStrike from $400.00 to $405.00 and gave the stock a “buy” rating in a report on Wednesday, June 5. Evercore ISI lowered their price target on shares of CrowdStrike from $405.00 to $350.00 and set an “outperform” rating for the company in a research note on Friday. 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 report on Wednesday, June 5. One investment analyst rated the stock a sell, four rated it a hold, thirty-four rated it a buy, and one gave the company a strong buy rating. The stock currently has an average rating of “Moderate Buy” and a consensus price target of $377.55, according to data from MarketBeat.com.

Check out our latest stock report on CrowdStrike

CrowdStrike shares fall 11.1%

CrowdStrike stock opened at $304.96 on Monday. The company’s fifty-day stock average price is $361.67, and the 200-day stock average price is $326.74. The company’s current ratio is 1.80, current liquidity ratio is 1.80, and debt-to-equity ratio is 0.29. The lowest value of CrowdStrike stock in the last twelve months is $140.52, and the highest is $398.33. The stock has a market capitalization of $74.22 billion, a price-to-earnings ratio of 575.41, a price-to-earnings-growth ratio of 15.37, and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last announced its financial results 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). The company had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. Equity research analysts forecast that CrowdStrike will post 0.9 earnings per share for the current fiscal year.

CrowdStrike Internal Transactions

In related news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in legal documents filed with the SEC, which can be accessed through this hyperlink . In related 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 completion of the sale, the director directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Additionally, CAO Anurag Saha sold 1,662 shares of CrowdStrike 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 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 . Insiders have sold a total of 219,675 shares of the company’s stock valued at $76,931,522 over the last ninety days. Insiders own 4.34% of the company’s shares.

Hedge funds rate CrowdStrike

Institutional investors and hedge funds have recently modified their holdings in the stock. Norges Bank bought a new position in CrowdStrike in the fourth quarter worth approximately $683,336,000. Pathstone Holdings LLC acquired a new stake in CrowdStrike in the fourth quarter valued at $450,418,000. Jennison Associates LLC increased its position in CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after purchasing an additional 1,581,796 shares in the last quarter. Vanguard Group Inc. increased its holdings in CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after purchasing an additional 1,028,405 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of CrowdStrike by 22,542.6% during the fourth quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock valued at $187,481,000 after purchasing an additional 731,057 shares in the last quarter. 71.16% of the stock is currently held by hedge funds and other institutional investors.

About CrowdStrike

(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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