CrowdStrike (NASDAQ:CRWD) Downgraded by Piper Sandler to “Neutral”

Piper Sandler downgraded shares of CrowdStrike (NASDAQ:CRWD) from an overweight rating to a neutral rating in a research note published on Tuesday, MarketBeat Ratings reports. Piper Sandler currently has $400.00 price target on the stock.

Several other research analysts have also commented on the stock. BTIG Research reduced their price objective on shares of CrowdStrike from $432.00 to $402.00 and set a buy rating for the company in a research note on Wednesday, June 5th. Jefferies Financial Group upped their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a buy rating in a research report on Wednesday, March 6th. Truist Financial boosted their target price on CrowdStrike from $350.00 to $400.00 and gave the stock a buy rating in a research note on Wednesday, March 6th. Stifel Nicolaus increased their price target on CrowdStrike from $315.00 to $400.00 and gave the company a buy rating in a research note on Wednesday, March 6th. Finally, BMO Capital Markets dropped their price target on CrowdStrike from $425.00 to $410.00 and set an outperform rating on the stock in a research note on Wednesday, June 5th. Two investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $382.35.

CrowdStrike Stock Down 1.8 %

CrowdStrike stock opened at $385.05 on Tuesday. CrowdStrike has a twelve month low of $139.37 and a twelve month high of $394.64. The business has a fifty day moving average of $343.61 and a two-hundred day moving average of $315.35. The firm has a market cap of $93.71 billion, a P/E ratio of 726.52, a P/E/G ratio of 19.31 and a beta of 1.10. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

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

Insiders Place Their Bets

In related news, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the transaction, the president now directly owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the transaction, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,675 shares of company stock worth $76,681,402. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC purchased a new stake in CrowdStrike during the first quarter worth about $30,000. CVA Family Office LLC acquired a new position in shares of CrowdStrike in the fourth quarter worth $26,000. Hexagon Capital Partners LLC acquired a new position in CrowdStrike during the 4th quarter worth $26,000. Future Financial Wealth Managment LLC acquired a new stake in CrowdStrike in the 1st quarter valued at about $32,000. Finally, MCF Advisors LLC purchased a new position in shares of CrowdStrike in the 1st quarter valued at about $32,000. Institutional investors and hedge funds 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.