CrowdStrike (NASDAQ:CRWD) Downgraded to Neutral at Piper Sandler

CrowdStrike (NASDAQ:CRWD) was downgraded by Piper Sandler from an “overweight” rating to a “neutral” rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a $400.00 price target on the stock. Piper Sandler’s target price points to a potential upside of 3.31% from the stock’s previous close.

Several other analysts have also issued reports on CRWD. Evercore ISI upped their target price on shares of CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 target price on shares of CrowdStrike in a research note on Friday, June 21st. Oppenheimer upped their target price on shares of CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 5th. Citigroup upped their target price on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, Stifel Nicolaus upped their target price on shares of CrowdStrike from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Two analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $382.35.

CrowdStrike Stock Performance

CRWD opened at $387.18 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average price is $345.31 and its two-hundred day moving average price is $316.23. CrowdStrike has a 1-year low of $139.37 and a 1-year high of $394.64. The company has a market cap of $94.22 billion, a price-to-earnings ratio of 730.54, a PEG ratio of 19.31 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, June 4th. 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 business had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. On average, analysts expect that CrowdStrike will post 0.9 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Monday, April 15th. The stock was 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 directly owns 208,961 shares in the company, valued at $64,525,067.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 219,675 shares of company stock valued at $76,681,402. 4.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the stock. Saturna Capital Corp grew its stake in shares of 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 purchasing an additional 33 shares during the period. Shepherd Financial Partners LLC grew 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 valued at $645,000 after acquiring an additional 36 shares during the period. Cigna Investments Inc. New grew 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 valued at $592,000 after acquiring an additional 38 shares during the period. Albion Financial Group UT grew its stake in shares of CrowdStrike by 3.7% during the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after acquiring an additional 39 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of CrowdStrike by 2.2% during the 1st quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock valued at $582,000 after acquiring an additional 39 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.