CrowdStrike (NASDAQ:CRWD) Downgraded by Hsbc Global Res to Hold

Hsbc Global Res lowered shares of CrowdStrike (NASDAQ:CRWD) from a strong-buy rating to a hold rating in a report issued on Tuesday, Zacks.com reports.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $371.00 to $400.00 and gave the company an overweight rating in a report on Wednesday, May 29th. Westpark Capital reissued a hold rating on shares of CrowdStrike in a research note on Tuesday. Needham & Company LLC restated a buy rating and set a $425.00 price target on shares of CrowdStrike in a report on Wednesday, June 5th. BTIG Research cut CrowdStrike from a buy rating to a neutral rating in a report on Monday, July 22nd. Finally, BMO Capital Markets reduced their target price on CrowdStrike from $425.00 to $410.00 and set an outperform rating on the stock in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $359.16.

CrowdStrike Stock Up 0.8 %

CRWD opened at $256.16 on Tuesday. CrowdStrike has a 12 month low of $140.52 and a 12 month high of $398.33. 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 business’s 50-day moving average price is $354.16 and its 200-day moving average price is $326.00. The company has a market cap of $62.34 billion, a P/E ratio of 483.33, a P/E/G ratio of 13.10 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) 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 company had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. On average, equities analysts expect that CrowdStrike will post 0.9 EPS for the current year.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $333.52, for a total value of $1,334,080.00. Following the completion of the transaction, the insider now directly owns 204,961 shares in the company, valued at approximately $68,358,592.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Shawn Henry sold 4,000 shares of the firm’s 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 transaction, the insider now directly owns 204,961 shares in the company, valued at approximately $68,358,592.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the sale, the director now owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Insiders have sold a total of 219,675 shares of company stock worth $76,931,522 over the last 90 days. 4.34% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Several large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of CrowdStrike in the 4th quarter worth $683,336,000. Pathstone Holdings LLC purchased a new stake in CrowdStrike in the fourth quarter worth about $450,418,000. Jennison Associates LLC raised its stake in shares of CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares during the period. Vanguard Group Inc. lifted its position in shares of CrowdStrike by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of CrowdStrike by 22,542.6% during the 4th quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock valued at $187,481,000 after acquiring an additional 731,057 shares during the period. 71.16% of the stock is currently owned by 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.