CrowdStrike (NASDAQ:CRWD) Earns “Neutral” Rating from Guggenheim

Guggenheim reissued their neutral rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note published on Wednesday,Benzinga reports.

A number of other research analysts have also issued reports on the stock. BMO Capital Markets raised their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday. Piper Sandler raised their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Stifel Nicolaus raised their price target on shares of CrowdStrike from $400.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. The Goldman Sachs Group raised their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Finally, Rosenblatt Securities restated a “buy” rating and set a $450.00 price target on shares of CrowdStrike in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $400.10.

CrowdStrike Stock Down 6.3 %

Shares of NASDAQ CRWD opened at $365.44 on Wednesday. The company has a 50 day simple moving average of $387.84 and a 200 day simple moving average of $338.02. The firm has a market cap of $90.01 billion, a PE ratio of 716.56, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the sale, the insider now directly owns 115,798 shares in the company, valued at $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 18,071 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $359.70, for a total value of $6,500,138.70. Following the transaction, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. FSA Wealth Management LLC grew its holdings in shares of CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after purchasing an additional 23 shares in the last quarter. Jacobi Capital Management LLC boosted its stake in CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after buying an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after buying an additional 27 shares in the last quarter. Wintrust Investments LLC boosted its stake in CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after buying an additional 29 shares in the last quarter. Finally, Synergy Financial Group LTD boosted its stake in CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after buying an additional 30 shares in the last quarter. 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.