CrowdStrike (NASDAQ:CRWD) Rating Lowered to “Neutral” at Mizuho

CrowdStrike (NASDAQ:CRWD) was downgraded by equities researchers at Mizuho from an “outperform” rating to a “neutral” rating in a report issued on Thursday,Finviz reports. They presently have a $425.00 price objective on the stock. Mizuho’s target price indicates a potential downside of 2.51% from the company’s previous close.

A number of other brokerages have also weighed in on CRWD. Rosenblatt Securities reaffirmed a “buy” rating and set a $450.00 target price on shares of CrowdStrike in a research note on Thursday, May 8th. Susquehanna boosted their price target on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research note on Wednesday, March 5th. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Baird R W cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $440.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $402.59.

CrowdStrike Price Performance

CRWD stock opened at $435.94 on Thursday. The stock has a market cap of $108.06 billion, a PE ratio of 854.80, a P/E/G ratio of 17.86 and a beta of 1.22. 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 one year low of $200.81 and a one year high of $455.59. The firm has a 50 day simple moving average of $381.19 and a two-hundred day simple moving average of $372.47.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 55,556 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the transaction, the chief executive officer now owns 2,192,610 shares in the company, valued at $981,280,679.40. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,431 shares of company stock worth $76,275,228 over the last ninety days. Corporate insiders own 3.32% of the company’s stock.

Institutional Trading of CrowdStrike

Several hedge funds have recently made changes to their positions in CRWD. Grassi Investment Management bought a new stake in CrowdStrike during the fourth quarter valued at approximately $240,000. AdvisorNet Financial Inc increased its holdings in CrowdStrike by 9.3% during the 4th quarter. AdvisorNet Financial Inc now owns 1,454 shares of the company’s stock valued at $498,000 after purchasing an additional 124 shares during the period. Park Avenue Securities LLC lifted its stake in CrowdStrike by 23.7% in the fourth quarter. Park Avenue Securities LLC now owns 12,197 shares of the company’s stock worth $4,173,000 after acquiring an additional 2,339 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in CrowdStrike by 42.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 495 shares of the company’s stock valued at $169,000 after acquiring an additional 148 shares in the last quarter. Finally, Rockingstone Advisors LLC grew its stake in CrowdStrike by 86.0% in the fourth quarter. Rockingstone Advisors LLC now owns 10,451 shares of the company’s stock worth $3,576,000 after purchasing an additional 4,833 shares during the period. 71.16% of the stock is currently owned by institutional investors.

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.