CrowdStrike (NASDAQ:CRWD) Lowered to “Hold” Rating by Baird R W

Baird R W downgraded shares of CrowdStrike (NASDAQ:CRWD) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Other analysts have also issued reports about the stock. KeyCorp upped their price target on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. The Goldman Sachs Group lifted their price target on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Rosenblatt Securities boosted their price target on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $430.00 target price (up from $390.00) on shares of CrowdStrike in a report on Monday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $370.00.

CrowdStrike Trading Down 0.1 %

NASDAQ:CRWD opened at $397.57 on Monday. The firm has a market capitalization of $97.93 billion, a P/E ratio of 779.56, a P/E/G ratio of 21.13 and a beta of 1.14. The business has a 50 day simple moving average of $362.61 and a 200 day simple moving average of $312.29. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $411.30.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,351 shares of company stock valued at $38,935,113. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently modified their holdings of the business. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the fourth quarter valued at about $27,000. Oakworth Capital Inc. bought a new position in CrowdStrike during the third quarter worth $28,000. Fortitude Family Office LLC increased its stake in shares of 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. FPC Investment Advisory Inc. boosted its holdings in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Finally, Tsfg LLC raised its holdings in CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares in the last quarter. Institutional investors and hedge funds 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.