CrowdStrike (NASDAQ:CRWD) Lowered to Hold Rating by HSBC

CrowdStrike (NASDAQ:CRWD) was downgraded by equities researchers at HSBC from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. They presently have a $347.00 price target on the stock. HSBC’s price target would suggest a potential downside of 4.75% from the stock’s previous close.

CRWD has been the topic of a number of other reports. Susquehanna reiterated a “positive” rating and issued a $310.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. Citigroup cut their price target on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Oppenheimer decreased their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Royal Bank of Canada dropped their target price on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, UBS Group reduced their price target on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $339.28.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $364.30 on Wednesday. The company’s fifty day simple moving average is $311.86 and its two-hundred day simple moving average is $312.52. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $398.33. The firm has a market cap of $89.30 billion, a PE ratio of 527.97, a price-to-earnings-growth ratio of 26.33 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. As a group, equities analysts expect that CrowdStrike will post 0.49 EPS for the current year.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the sale, the insider now owns 124,298 shares of the company’s stock, valued at $38,455,315.24. The trade was a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 in the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds have recently bought and sold shares of the stock. Beacon Financial Advisory LLC bought a new position in shares of CrowdStrike during the 3rd quarter valued at approximately $955,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after purchasing an additional 78,305 shares in the last quarter. Burney Co. bought a new position in shares of CrowdStrike in the first quarter worth approximately $1,342,000. Doliver Advisors LP increased its stake in shares of CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,664 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after purchasing an additional 2,863 shares during the period. Institutional investors own 71.16% of the company’s stock.

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.