Hsbc Global Res Downgrades CrowdStrike (NASDAQ:CRWD) to Hold

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

Other equities research analysts have also recently issued research reports about the stock. Truist Financial lowered their price objective on shares of CrowdStrike from $400.00 to $325.00 and set a buy rating for the company in a research report on Tuesday. FBN Securities upgraded shares of CrowdStrike to a strong-buy rating in a research report on Wednesday, June 5th. Robert W. Baird lowered their price objective on shares of CrowdStrike from $350.00 to $335.00 and set an outperform rating for the company in a research report on Tuesday. Rosenblatt Securities raised their target price on shares of CrowdStrike from $415.00 to $420.00 and gave the company a buy rating in a research note on Wednesday, June 5th. Finally, BTIG Research lowered shares of CrowdStrike from a buy rating to a neutral rating in a research note on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of Moderate Buy and a consensus price target of $359.16.

CrowdStrike Trading Down 1.5 %

Shares of CrowdStrike stock opened at $254.15 on Tuesday. The stock has a market capitalization of $61.85 billion, a P/E ratio of 479.54, a price-to-earnings-growth ratio of 13.55 and a beta of 1.10. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The company has a 50-day simple moving average of $355.96 and a 200 day simple moving average of $326.03. CrowdStrike has a 12-month low of $140.52 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Research analysts expect that CrowdStrike will post 0.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Burt W. Podbere sold 15,753 shares of CrowdStrike stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $305.15, for a total value of $4,807,027.95. Following the sale, the chief financial officer now directly owns 313,994 shares in the company, valued at $95,815,269.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO George Kurtz sold 56,279 shares of CrowdStrike stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total value of $17,131,890.39. Following the sale, the chief executive officer now directly owns 1,146,048 shares in the company, valued at $348,868,471.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Burt W. Podbere sold 15,753 shares of CrowdStrike stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the completion of the sale, the chief financial officer now owns 313,994 shares in the company, valued at $95,815,269.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,675 shares of company stock worth $76,931,522. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rational Advisors LLC acquired a new stake in shares of CrowdStrike in the second quarter valued at approximately $574,000. Bailard Inc. increased its holdings in CrowdStrike by 4.6% during the second quarter. Bailard Inc. now owns 19,762 shares of the company’s stock worth $7,573,000 after buying an additional 870 shares during the last quarter. Paulson Wealth Management Inc. acquired a new position in CrowdStrike during the second quarter worth $246,000. AlphaCentric Advisors LLC acquired a new position in CrowdStrike during the second quarter worth $39,000. Finally, Bank of New York Mellon Corp increased its holdings in CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.