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

Guggenheim lowered shares of CrowdStrike (NASDAQ:CRWD) from a buy rating to a neutral rating in a report published on Monday morning, MarketBeat reports.

Other equities analysts have also recently issued reports about the company. Wedbush decreased their price objective on CrowdStrike from $390.00 to $385.00 and set an outperform rating on the stock in a report on Wednesday, June 5th. Morgan Stanley boosted their price objective on shares of CrowdStrike from $372.00 to $422.00 and gave the stock an overweight rating in a report on Tuesday, May 28th. JMP Securities reaffirmed a market outperform rating and set a $400.00 target price on shares of CrowdStrike in a report on Tuesday, May 14th. Canaccord Genuity Group boosted their price target on shares of CrowdStrike from $400.00 to $405.00 and gave the stock a buy rating in a research note on Wednesday, June 5th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $425.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike has an average rating of Moderate Buy and an average price target of $359.16.

CrowdStrike Trading Down 1.5 %

Shares of CRWD opened at $254.15 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 1-year low of $140.52 and a 1-year high of $398.33. The company has a market capitalization of $61.85 billion, a P/E ratio of 479.54, a P/E/G ratio of 13.55 and a beta of 1.10. The firm’s 50 day simple moving average is $355.96 and its 200 day simple moving average is $326.03.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) 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 return on equity of 7.39% and a net margin of 4.01%. Sell-side analysts forecast that CrowdStrike will post 0.9 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Anurag Saha sold 1,662 shares of the 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 transaction, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $333.52, for a total value of $1,334,080.00. Following the completion of the sale, the insider now owns 204,961 shares of the company’s stock, valued at $68,358,592.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders have sold a total of 219,675 shares of company stock valued at $76,931,522 in the last 90 days. 4.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently made changes to their positions in the business. CVA Family Office LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth approximately $26,000. Hexagon Capital Partners LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth $26,000. Bear Mountain Capital Inc. purchased a new position in shares of CrowdStrike during the 4th quarter worth $27,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike during the 1st quarter valued at $30,000. Finally, Family Firm Inc. purchased a new stake in shares of CrowdStrike in the 2nd quarter worth $30,000. Hedge funds and other institutional investors 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.