CrowdStrike (NASDAQ:CRWD) Downgraded by DZ Bank to "Strong Sell"

CrowdStrike (NASDAQ:CRWD - Get Free Report) was downgraded by DZ Bank from a "strong-buy" rating to a "strong sell" rating in a research report issued to clients and investors on Thursday, MarketBeat reports. They presently have a $370.00 target price on the stock. DZ Bank's target price would indicate a potential downside of 16.68% from the company's previous close.

Other research analysts have also issued reports about the company. Jefferies Financial Group reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Wednesday, May 7th. BMO Capital Markets increased their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Morgan Stanley upped their price target on shares of CrowdStrike from $415.00 to $455.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Finally, Canaccord Genuity Group raised their price target on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $403.83.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $444.07 on Thursday. The company has a market capitalization of $110.07 billion, a PE ratio of 870.74, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a 50-day simple moving average of $393.19 and a two-hundred day simple moving average of $378.11. CrowdStrike has a one year low of $200.81 and a one year high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares of the company's stock, valued at $12,969,492.30. This trade represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the sale, the insider now owns 89,714 shares of the company's stock, valued at approximately $31,669,042. This represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,431 shares of company stock valued at $74,472,548. 3.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently made changes to their positions in the stock. Primoris Wealth Advisors LLC purchased a new stake in shares of CrowdStrike in the 4th quarter valued at $2,166,000. Arcadia Investment Management Corp MI increased its stake in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after purchasing an additional 2,814 shares during the period. Greenleaf Trust increased its stake in CrowdStrike by 53.4% during the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company's stock worth $1,015,000 after purchasing an additional 1,033 shares during the period. Trifecta Capital Advisors LLC lifted its position in shares of CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after purchasing an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of CrowdStrike by 42.6% during the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company's stock worth $15,263,000 after purchasing an additional 13,323 shares in 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.