CrowdStrike (NASDAQ:CRWD) Rating Lowered to Hold at Hsbc Global Res

Hsbc Global Res downgraded shares of CrowdStrike (NASDAQ:CRWD - Free Report) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

Other analysts also recently issued research reports about the company. Needham & Company LLC upped their price target on CrowdStrike from $360.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday. BMO Capital Markets increased their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday. Susquehanna boosted their price objective on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a "positive" rating in a report on Wednesday. Bank of America increased their target price on CrowdStrike from $365.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, UBS Group lowered their price target on CrowdStrike from $330.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $355.80.

CrowdStrike Stock Down 4.6 %

Shares of NASDAQ:CRWD traded down $16.71 during trading on Wednesday, hitting $347.59. The stock had a trading volume of 10,786,740 shares, compared to its average volume of 5,018,098. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $398.33. The company has a market capitalization of $85.20 billion, a PE ratio of 503.75, a PEG ratio of 26.33 and a beta of 1.10. The firm's fifty day moving average is $313.47 and its 200 day moving average is $312.77.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. Analysts anticipate that CrowdStrike will post 0.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 120,298 shares in the company, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company's stock, valued at $11,582,623.36. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock valued at $32,465,110 in the last three months. Corporate insiders own 4.34% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently modified their holdings of CRWD. State Street Corp lifted its holdings in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company's stock worth $2,701,144,000 after buying an additional 275,717 shares during the period. Jennison Associates LLC boosted its holdings in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock valued at $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CrowdStrike by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company's stock worth $1,367,505,000 after acquiring an additional 97,990 shares in the last quarter. Legal & General Group Plc boosted its stake in CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company's stock valued at $785,425,000 after acquiring an additional 60,607 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in CrowdStrike by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company's stock worth $696,471,000 after purchasing an additional 77,100 shares during the last quarter. 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.