CrowdStrike (NASDAQ:CRWD) Shares Down 2.5% Following Analyst Downgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares were down 2.5% during trading on Friday after KeyCorp lowered their price target on the stock from $430.00 to $376.00. KeyCorp currently has an overweight rating on the stock. CrowdStrike traded as low as $283.77 and last traded at $286.66. Approximately 995,159 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 3,587,264 shares. The stock had previously closed at $294.10.

CRWD has been the topic of a number of other research reports. Scotiabank increased their price objective on CrowdStrike from $320.00 to $400.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Wednesday. Morgan Stanley upped their target price on CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research report on Wednesday, March 13th. Robert W. Baird upped their target price on CrowdStrike from $281.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Finally, BTIG Research upped their target price on CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $371.87.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the sale, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the sale, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 14,815 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.85, for a total value of $4,827,467.75. Following the completion of the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at $76,851,722.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of CRWD. Shepherd Financial Partners LLC raised its stake in 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 purchasing an additional 36 shares during the period. Cigna Investments Inc. New raised its stake in 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 purchasing an additional 38 shares during the period. Albion Financial Group UT raised its stake in 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 purchasing an additional 39 shares during the period. Pier 88 Investment Partners LLC raised its stake in CrowdStrike by 0.9% during the 4th quarter. Pier 88 Investment Partners LLC now owns 4,690 shares of the company’s stock valued at $1,197,000 after purchasing an additional 40 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of CrowdStrike by 18.5% in the first quarter. GAMMA Investing LLC now owns 282 shares of the company’s stock worth $90,000 after acquiring an additional 44 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $68.36 billion, a price-to-earnings ratio of 785.11, a P/E/G ratio of 11.76 and a beta of 1.05. The stock’s 50 day moving average price is $317.72 and its two-hundred day moving average price is $264.41.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. Analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

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.