CrowdStrike (NASDAQ:CRWD) Downgraded to Hold Rating by Baird R W

CrowdStrike (NASDAQ:CRWD) was downgraded by research analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other analysts also recently commented on the company. HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research note on Wednesday, November 27th. BNP Paribas began coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price for the company. Royal Bank of Canada increased their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. The Goldman Sachs Group boosted their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Finally, Needham & Company LLC increased their price objective on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $370.00.

CrowdStrike Price Performance

Shares of CRWD stock opened at $397.57 on Monday. The firm’s 50 day moving average price is $362.61 and its two-hundred day moving average price is $312.29. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $411.30. The stock has a market cap of $97.93 billion, a PE ratio of 779.56, a PEG ratio of 21.13 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity

In related news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares in the company, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the sale, the insider now directly owns 98,214 shares in the company, valued at $34,857,130.74. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock valued at $38,935,113 in the last 90 days. 4.34% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC bought a new stake in CrowdStrike in the fourth quarter valued at about $27,000. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Fortitude Family Office LLC boosted its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the period. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike during the third quarter worth approximately $28,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth about $34,000. 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.