CrowdStrike (NASDAQ:CRWD) Downgraded to “Hold” Rating by Hsbc Global Res

CrowdStrike (NASDAQ:CRWD) was downgraded by stock analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

CRWD has been the subject of several other reports. Truist Financial upped their target price on CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a report on Monday, November 18th. JMP Securities restated a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Monday, November 4th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Monday. Morgan Stanley upped their target price on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Barclays upped their target price on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.80.

CrowdStrike Stock Down 4.6 %

Shares of CRWD opened at $347.59 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike has a one year low of $200.81 and a one year high of $398.33. The stock has a market capitalization of $85.20 billion, a price-to-earnings ratio of 503.75, a PEG ratio of 26.33 and a beta of 1.10. The stock has a 50 day moving average price of $313.47 and a 200 day moving average price of $312.77.

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

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michael Sentonas sold 10,776 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the transaction, the president now owns 400,390 shares in the company, valued at approximately $119,027,939.20. The trade was a 2.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new position in CrowdStrike during the 3rd quarter worth approximately $28,000. Tsfg LLC grew its stake in CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares during the last quarter. Family Firm Inc. purchased a new position in CrowdStrike during the 2nd quarter worth approximately $30,000. Finally, Castleview Partners LLC purchased a new position in CrowdStrike during the 3rd quarter worth approximately $32,000. 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.