CrowdStrike (NASDAQ:CRWD) Cut to Market Perform at Sanford C. Bernstein

CrowdStrike (NASDAQ:CRWD - Get Free Report) was downgraded by equities research analysts at Sanford C. Bernstein from an "outperform" rating to a "market perform" rating in a report issued on Friday,Finviz reports. They presently have a $371.00 price objective on the stock. Sanford C. Bernstein's target price would indicate a potential downside of 19.86% from the company's current price.

CRWD has been the subject of several other reports. Morgan Stanley lifted their price target on CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a research report on Wednesday. Rosenblatt Securities lifted their target price on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a report on Monday. Mizuho upped their price target on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday. Guggenheim restated a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the company's stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus price target of $450.43.

CrowdStrike Trading Up 0.5%

NASDAQ CRWD opened at $462.94 on Friday. The business's fifty day moving average is $413.06 and its 200-day moving average is $387.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market capitalization of $114.75 billion, a price-to-earnings ratio of 907.74, a PEG ratio of 17.86 and a beta of 1.22. CrowdStrike has a one year low of $200.81 and a one year high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The business's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the business posted $0.93 earnings per share. Equities research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the sale, the director now owns 768,092 shares in the company, valued at approximately $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 211,681 shares of company stock worth $87,081,236 over the last three months. Company insiders own 3.32% of the company's stock.

Institutional Trading of CrowdStrike

A number of institutional investors have recently made changes to their positions in the stock. Cloud Capital Management LLC purchased a new stake in CrowdStrike during the 1st quarter valued at $25,000. Vision Financial Markets LLC purchased a new position in CrowdStrike in the first quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its position in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Finally, FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% during 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 last quarter. Hedge funds and other 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.

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