CrowdStrike (NASDAQ:CRWD) Lowered to “Hold” Rating by Zacks Research

CrowdStrike (NASDAQ:CRWDGet Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also commented on CRWD. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, October 15th. Arete Research set a $706.00 target price on CrowdStrike in a research report on Tuesday, October 28th. Roth Capital reaffirmed a “buy” rating and issued a $510.00 price target (up previously from $410.00) on shares of CrowdStrike in a report on Thursday, September 18th. Truist Financial boosted their price objective on CrowdStrike from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of CrowdStrike from $435.00 to $475.00 and gave the stock a “hold” rating in a research report on Wednesday, December 3rd. Thirty-two analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $555.10.

Read Our Latest Stock Analysis on CrowdStrike

CrowdStrike Stock Up 0.9%

CRWD stock opened at $481.19 on Wednesday. The stock has a 50-day simple moving average of $514.28 and a two-hundred day simple moving average of $482.64. CrowdStrike has a twelve month low of $298.00 and a twelve month high of $566.90. The firm has a market capitalization of $121.31 billion, a PE ratio of -381.90, a PEG ratio of 114.76 and a beta of 1.09. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. CrowdStrike’s revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.700-3.720 EPS and its Q4 2026 guidance at 1.090-1.110 EPS. On average, equities analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 20,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the transaction, the president directly owned 379,116 shares of the company’s stock, valued at approximately $189,558,000. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 10,516 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $483.33, for a total transaction of $5,082,698.28. Following the completion of the sale, the chief financial officer directly owned 179,114 shares of the company’s stock, valued at $86,571,169.62. This trade represents a 5.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 117,559 shares of company stock valued at $59,246,587. Insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Brighton Jones LLC grew its position in CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock worth $2,670,000 after acquiring an additional 2,417 shares during the last quarter. Wellington Management Group LLP lifted its position in CrowdStrike by 30.2% in the first quarter. Wellington Management Group LLP now owns 12,092 shares of the company’s stock valued at $4,263,000 after purchasing an additional 2,807 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of CrowdStrike by 555.1% during the first quarter. Canada Pension Plan Investment Board now owns 33,144 shares of the company’s stock valued at $11,686,000 after purchasing an additional 28,085 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of CrowdStrike by 5.0% in the first quarter. The Manufacturers Life Insurance Company now owns 166,448 shares of the company’s stock worth $58,686,000 after purchasing an additional 7,933 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of CrowdStrike by 29.7% in the first quarter. Evergreen Capital Management LLC now owns 1,501 shares of the company’s stock worth $529,000 after buying an additional 344 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

More CrowdStrike News

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About CrowdStrike

(Get Free Report)

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.

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