Baird R W Downgrades CrowdStrike (NASDAQ:CRWD) to Hold

CrowdStrike (NASDAQ:CRWD) was downgraded by Baird R W from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other analysts have also commented on CRWD. Susquehanna increased their target price on shares of CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Scotiabank increased their price objective on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Robert W. Baird reiterated a “neutral” rating and issued a $430.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research note on Monday. CICC Research initiated coverage on shares of CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective for the company. Finally, Cantor Fitzgerald increased their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $370.00.

CrowdStrike Stock Performance

CrowdStrike stock opened at $397.57 on Monday. The stock has a market cap of $97.93 billion, a price-to-earnings ratio of 779.56, a price-to-earnings-growth ratio of 21.13 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $411.30. The firm has a 50 day simple moving average of $362.61 and a 200-day simple moving average of $312.29.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,351 shares of company stock worth $38,935,113. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several institutional investors and hedge funds have recently bought and sold shares of the company. Berbice Capital Management LLC bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $27,000. Oakworth Capital Inc. bought a new position in shares of CrowdStrike during the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC lifted its position in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the last quarter. FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Finally, Tsfg LLC lifted its position in shares of 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. Institutional investors and hedge funds own 71.16% of the company’s stock.

About CrowdStrike

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.