Research Analysts’ Weekly Ratings Changes for CrowdStrike (CRWD)

A number of firms have modified their ratings and price targets on shares of CrowdStrike (NASDAQ: CRWD) recently:

• 7/29/2024 – CrowdStrike had its price target lowered by analysts at JPMorgan Chase & Co. from $400.00 to $330.00. They now have an “overweight” rating on the stock.
• 7/29/2024 – CrowdStrike had its price target lowered by analysts at Morgan Stanley from $396.00 to $360.00. They now have an “overweight” rating on the stock.
• 7/24/2024 – CrowdStrike had its price target lowered by analysts at Wedbush from $385.00 to $315.00. They now have an “outperform” rating on the stock.
• 7/24/2024 – CrowdStrike had its price target lowered by analysts at Citigroup Inc. from $425.00 to $345.00. They now have a “buy” rating on the stock.
• 7/24/2024 – CrowdStrike had its price target lowered by analysts at Rosenblatt Securities from $420.00 to $350.00. They now have a “buy” rating on the stock.
• 7/23/2024 – CrowdStrike had its price target lowered by analysts at Robert W. Baird from $350.00 to $335.00. They now have an “outperform” rating on the stock.
• 7/23/2024 – CrowdStrike was downgraded by analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating.
• 7/23/2024 – CrowdStrike had its “hold” rating reaffirmed by analysts at Westpark Capital.
• 7/23/2024 – CrowdStrike was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $302.00 price target on the stock, down previously from $388.00.
• 7/23/2024 – CrowdStrike had its price target lowered by analysts at Truist Financial Co. from $400.00 to $325.00. They now have a “buy” rating on the stock.
• 7/22/2024 – CrowdStrike was downgraded by analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating. They now have a $300.00 price target on the stock, down previously from $393.00.
• 7/22/2024 – CrowdStrike had its price target lowered by analysts at Morgan Stanley from $422.00 to $396.00. They now have an “overweight” rating on the stock.
• 7/22/2024 – CrowdStrike had its price target lowered by analysts at Wells Fargo & Company from $435.00 to $350.00. They now have an “overweight” rating on the stock.
• 7/22/2024 – CrowdStrike had its price target lowered by analysts at Royal Bank of Canada from $420.00 to $380.00. They now have an “outperform” rating on the stock.
• 7/22/2024 – CrowdStrike had its price target lowered by analysts at Piper Sandler from $400.00 to $310.00. They now have a “neutral” rating on the stock.
• 7/22/2024 – CrowdStrike was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating.
• 7/22/2024 – CrowdStrike was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating.
• 7/22/2024 – CrowdStrike had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group Inc.. They now have a $405.00 price target on the stock.
• 7/19/2024 – CrowdStrike had its price target lowered by analysts at Evercore ISI from $405.00 to $350.00. They now have an “outperform” rating on the stock.
• 7/18/2024 – CrowdStrike was downgraded by analysts at Redburn Atlantic from a “neutral” rating to a “sell” rating. They now have a $275.00 price target on the stock, down previously from $380.00.
• 7/17/2024 – CrowdStrike had its price target lowered by analysts at KeyCorp from $440.00 to $420.00. They now have an “overweight” rating on the stock.
• 7/2/2024 – CrowdStrike had its price target raised by analysts at KeyCorp from $380.00 to $440.00. They now have an “overweight” rating on the stock.
• 7/2/2024 – CrowdStrike was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating. They now have a $400.00 price target on the stock.
• 6/25/2024 – CrowdStrike had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $424.00 price target on the stock.
• 6/21/2024 – CrowdStrike had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $400.00 price target on the stock.
• 6/5/2024 – CrowdStrike was upgraded by analysts at FBN Securities to a “strong-buy” rating.
• 6/5/2024 – CrowdStrike had its price target lowered by analysts at Scotiabank from $400.00 to $393.00. They now have a “sector outperform” rating on the stock.
• 6/5/2024 – CrowdStrike had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $400.00 price target on the stock.
• 6/5/2024 – CrowdStrike had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $400.00 price target on the stock.
• 6/5/2024 – CrowdStrike had its price target lowered by analysts at BMO Capital Markets from $425.00 to $410.00. They now have an “outperform” rating on the stock.
• 6/5/2024 – CrowdStrike had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $420.00 price target on the stock.
• 6/5/2024 – CrowdStrike had its price target lowered by analysts at Wedbush from $390.00 to $385.00. They now have an “outperform” rating on the stock.
• 6/5/2024 – CrowdStrike had its price target raised by analysts at Oppenheimer Holdings Inc. from $355.00 to $400.00. They now have an “outperform” rating on the stock.
• 6/5/2024 – CrowdStrike had its price target raised by analysts at Canaccord Genuity Group Inc. from $400.00 to $405.00. They now have a “buy” rating on the stock.
• 6/5/2024 – CrowdStrike had its price target lowered by analysts at DA Davidson from $425.00 to $380.00. They now have a “buy” rating on the stock.
• 6/5/2024 – CrowdStrike had its price target raised by analysts at Rosenblatt Securities from $415.00 to $420.00. They now have a “buy” rating on the stock.
• 6/5/2024 – CrowdStrike had its price target lowered by analysts at BTIG Research from $432.00 to $402.00. They now have a “buy” rating on the stock.
• 6/5/2024 – CrowdStrike had its price target lowered by analysts at Mizuho from $390.00 to $370.00. They now have a “buy” rating on the stock.
• 6/5/2024 – CrowdStrike had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $425.00 price target on the stock.

CrowdStrike Stock Performance

Shares of CRWD stock traded up $2.65 during trading hours on Monday, hitting $258.81. 10,737,205 shares of the company were exchanged, compared to its average volume of 5,083,774. The firm has a fifty day simple moving average of $354.16 and a 200 day simple moving average of $326.67. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike Holdings, Inc. has a 52-week low of $140.52 and a 52-week high of $398.33. The stock has a market capitalization of $62.98 billion, a price-to-earnings ratio of 488.32, a P/E/G ratio of 13.09 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The business had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. Research analysts predict that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the transaction, the president now owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the transaction, the insider now owns 204,961 shares in the company, valued at $68,358,592.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the transaction, the president now owns 411,166 shares in the company, valued at approximately $156,502,114.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,675 shares of company stock worth $76,931,522. 4.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after buying an additional 315,280 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares in the last quarter. Norges Bank bought a new position in shares of CrowdStrike in the fourth quarter worth approximately $683,336,000. First Trust Advisors LP lifted its stake in shares of CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after buying an additional 358,945 shares in the last quarter. Finally, Pathstone Holdings LLC bought a new position in shares of CrowdStrike in the fourth quarter worth approximately $450,418,000. Institutional investors own 71.16% of the company’s stock.

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.