CrowdStrike (NASDAQ:CRWD) Downgraded to “Neutral” at Guggenheim

Guggenheim cut shares of CrowdStrike (NASDAQ:CRWD) from a buy rating to a neutral rating in a report issued on Monday morning, Marketbeat.com reports.

CRWD has been the subject of a number of other reports. Cantor Fitzgerald reaffirmed an overweight rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Friday, June 21st. DA Davidson lowered their price objective on CrowdStrike from $425.00 to $380.00 and set a buy rating on the stock in a research report on Wednesday, June 5th. 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. Wedbush decreased their price target on shares of CrowdStrike from $390.00 to $385.00 and set an outperform rating on the stock in a research note on Wednesday, June 5th. Finally, JMP Securities reiterated a market outperform rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Tuesday, May 14th. One research 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of Moderate Buy and an average price target of $359.16.

CrowdStrike Stock Down 4.0 %

NASDAQ:CRWD opened at $258.14 on Monday. The firm has a market capitalization of $62.82 billion, a price-to-earnings ratio of 487.06, a price-to-earnings-growth ratio of 13.30 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 has a twelve month low of $140.52 and a twelve month high of $398.33. The stock’s 50 day moving average price is $357.65 and its two-hundred day moving average price is $326.53.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results 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 firm had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Equities research analysts expect that CrowdStrike will post 0.9 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the transaction, the insider now directly owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,675 shares of company stock valued at $76,931,522. 4.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. lifted its stake in shares of CrowdStrike by 161.1% in the 4th quarter. Whittier Trust Co. now owns 543 shares of the company’s stock valued at $139,000 after purchasing an additional 335 shares during the period. Premier Path Wealth Partners LLC acquired a new stake in CrowdStrike in the fourth quarter worth $218,000. Mutual Advisors LLC increased its stake in CrowdStrike by 20.4% in the fourth quarter. Mutual Advisors LLC now owns 3,893 shares of the company’s stock valued at $994,000 after purchasing an additional 660 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of CrowdStrike by 40.9% during the fourth quarter. HB Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $621,000 after purchasing an additional 706 shares during the period. Finally, Compagnie Lombard Odier SCmA boosted its position in shares of CrowdStrike by 3.1% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,645 shares of the company’s stock worth $420,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Company Profile

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.