CrowdStrike (NASDAQ:CRWD) Cut to Neutral at Piper Sandler

Piper Sandler cut shares of CrowdStrike (NASDAQ:CRWD) from an overweight rating to a neutral rating in a report issued on Tuesday, MarketBeat Ratings reports. They currently have $400.00 price target on the stock.

CRWD has been the topic of several other research reports. Citigroup boosted their price objective on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a buy rating in a research note on Thursday, March 7th. FBN Securities raised shares of CrowdStrike to a strong-buy rating in a research note on Wednesday, June 5th. UBS Group boosted their price objective on shares of CrowdStrike from $385.00 to $430.00 and gave the stock a buy rating in a research note on Wednesday, March 6th. Robert W. Baird boosted their price objective on shares of CrowdStrike from $281.00 to $350.00 and gave the stock an outperform rating in a research note on Wednesday, March 6th. Finally, Cantor Fitzgerald reissued an overweight rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CrowdStrike currently has an average rating of Moderate Buy and a consensus target price of $382.35.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $387.18 on Tuesday. CrowdStrike has a 1 year low of $139.37 and a 1 year high of $394.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The company’s 50-day moving average is $347.10 and its 200 day moving average is $316.72. The stock has a market capitalization of $94.22 billion, a P/E ratio of 730.54, a P/E/G ratio of 19.41 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced 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 net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. On average, sell-side analysts expect that CrowdStrike will post 0.9 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,675 shares of company stock valued at $76,681,402. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the company. CVA Family Office LLC purchased a new stake in shares of CrowdStrike in the fourth quarter worth $26,000. Hexagon Capital Partners LLC bought a new position in shares of CrowdStrike during the fourth quarter worth $26,000. Silver Oak Securities Incorporated bought a new position in shares of CrowdStrike during the third quarter worth $27,000. Bear Mountain Capital Inc. bought a new position in shares of CrowdStrike during the fourth quarter worth $27,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike during the first quarter worth $30,000. 71.16% of the stock is owned by hedge funds and other 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.