CrowdStrike (NASDAQ:CRWD) Downgraded by Jefferies Financial Group

CrowdStrike (NASDAQ:CRWDGet Rating) was downgraded by equities researchers at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They currently have a $120.00 target price on the stock, down from their previous target price of $175.00. Jefferies Financial Group’s price objective would suggest a potential upside of 26.69% from the company’s previous close.

Several other research firms also recently weighed in on CRWD. Cantor Fitzgerald cut their price target on CrowdStrike from $240.00 to $160.00 in a research note on Wednesday, November 30th. BTIG Research cut their price target on CrowdStrike from $234.00 to $148.00 and set a “buy” rating for the company in a research note on Wednesday, November 30th. Macquarie began coverage on CrowdStrike in a report on Wednesday, November 2nd. They set an “outperform” rating and a $220.00 price objective on the stock. Oppenheimer dropped their price objective on CrowdStrike from $250.00 to $175.00 in a report on Wednesday, November 30th. Finally, Evercore ISI began coverage on CrowdStrike in a report on Thursday, October 6th. They set an “outperform” rating and a $250.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.83.

CrowdStrike Stock Down 0.2 %

Shares of NASDAQ:CRWD opened at $94.72 on Thursday. The company has a market capitalization of $22.20 billion, a PE ratio of -123.01 and a beta of 1.09. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.76 and a quick ratio of 1.76. The business has a fifty day moving average price of $122.96 and a two-hundred day moving average price of $158.46. CrowdStrike has a 1 year low of $92.26 and a 1 year high of $242.00.

CrowdStrike (NASDAQ:CRWDGet Rating) last posted its quarterly earnings results on Tuesday, November 29th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.03. The company had revenue of $580.88 million during the quarter, compared to the consensus estimate of $574.65 million. CrowdStrike had a negative return on equity of 11.79% and a negative net margin of 8.73%. Analysts forecast that CrowdStrike will post -0.55 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,165 shares of CrowdStrike stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total value of $126,868.50. Following the sale, the chief accounting officer now directly owns 33,301 shares in the company, valued at approximately $3,626,478.90. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO George Kurtz sold 51,010 shares of CrowdStrike stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $107.36, for a total value of $5,476,433.60. Following the sale, the chief executive officer now directly owns 930,164 shares in the company, valued at approximately $99,862,407.04. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Anurag Saha sold 1,165 shares of CrowdStrike stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total value of $126,868.50. Following the completion of the sale, the chief accounting officer now owns 33,301 shares in the company, valued at $3,626,478.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,252 shares of company stock worth $11,807,218. 6.82% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of CrowdStrike by 34.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,935,667 shares of the company’s stock valued at $494,836,000 after purchasing an additional 748,332 shares during the period. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of CrowdStrike in the 3rd quarter valued at approximately $32,000. Bard Financial Services Inc. lifted its stake in shares of CrowdStrike by 6.3% in the 2nd quarter. Bard Financial Services Inc. now owns 1,675 shares of the company’s stock valued at $282,000 after purchasing an additional 100 shares during the period. First Hawaiian Bank lifted its stake in shares of CrowdStrike by 3.4% in the 3rd quarter. First Hawaiian Bank now owns 3,410 shares of the company’s stock valued at $562,000 after purchasing an additional 111 shares during the period. Finally, Hills Bank & Trust Co lifted its stake in shares of CrowdStrike by 83.8% in the 2nd quarter. Hills Bank & Trust Co now owns 2,560 shares of the company’s stock valued at $432,000 after purchasing an additional 1,167 shares during the period. Hedge funds and other institutional investors own 65.05% of the company’s stock.

CrowdStrike Company Profile

(Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

Further Reading

Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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