Mizuho Downgrades CrowdStrike (NASDAQ:CRWD) to Neutral

Mizuho cut shares of CrowdStrike (NASDAQ:CRWD - Free Report) from an outperform rating to a neutral rating in a report issued on Thursday, Marketbeat.com reports. The brokerage currently has $425.00 target price on the stock.

A number of other brokerages also recently issued reports on CRWD. The Goldman Sachs Group reissued a "buy" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Robert W. Baird reduced their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research report on Wednesday, March 5th. DA Davidson upped their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating 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 report on Monday, February 3rd. Finally, BMO Capital Markets upped their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $403.56.

CrowdStrike Stock Performance

NASDAQ CRWD traded up $7.42 during mid-day trading on Thursday, reaching $439.26. 2,119,098 shares of the stock were exchanged, compared to its average volume of 5,099,511. The business's 50 day moving average is $385.84 and its 200-day moving average is $374.26. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a market capitalization of $108.88 billion, a P/E ratio of 861.31, 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 quick ratio of 1.86 and a current ratio of 1.86.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 55,556 shares of CrowdStrike 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 sale, the chief executive officer now owns 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 189,431 shares of company stock worth $76,275,228. Insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently made changes to their positions in CRWD. Grassi Investment Management acquired a new stake in shares of CrowdStrike during the fourth quarter valued at about $240,000. AdvisorNet Financial Inc boosted its stake in shares of CrowdStrike by 9.3% in the fourth 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 boosted its stake in shares of CrowdStrike by 23.7% in the fourth quarter. Park Avenue Securities LLC now owns 12,197 shares of the company's stock valued at $4,173,000 after purchasing an additional 2,339 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of CrowdStrike by 42.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 495 shares of the company's stock valued at $169,000 after purchasing an additional 148 shares during the period. Finally, Rockingstone Advisors LLC boosted its stake in shares of CrowdStrike by 86.0% in the fourth quarter. Rockingstone Advisors LLC now owns 10,451 shares of the company's stock valued at $3,576,000 after purchasing an additional 4,833 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.