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 note issued on Monday,Zacks.com reports.

Several other analysts have also recently issued reports on the stock. BNP Paribas initiated coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. Stifel Nicolaus upped their target price on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Robert W. Baird restated a “neutral” rating and set a $430.00 target price (up from $390.00) on shares of CrowdStrike in a research note on Monday. Jefferies Financial Group upped their target price on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Citigroup raised their target price on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $370.00.

CrowdStrike Stock Up 2.5 %

NASDAQ CRWD opened at $407.52 on Monday. The stock has a market cap of $100.38 billion, a PE ratio of 799.07, a P/E/G ratio of 21.13 and a beta of 1.16. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $411.30. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $363.29 and its 200 day moving average is $312.67.

Insider Transactions at CrowdStrike

In related news, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the completion of the sale, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. This trade represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,315 shares of company stock valued at $37,321,176. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently bought and sold shares of the company. Jennison Associates LLC grew its holdings in CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. International Assets Investment Management LLC lifted its stake in CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after buying an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after acquiring an additional 712,900 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of CrowdStrike by 248.6% during the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after buying an additional 371,695 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

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.