Mizuho Downgrades CrowdStrike (NASDAQ:CRWD) to Neutral

CrowdStrike (NASDAQ:CRWD) was downgraded by equities research analysts at Mizuho from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday,Finviz reports. They presently have a $425.00 price target on the stock. Mizuho’s price target points to a potential downside of 2.51% from the company’s current price.

CRWD has been the subject of a number of other research reports. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Barclays lowered their target price on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Susquehanna raised their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research report on Wednesday, March 5th. Robert W. Baird dropped their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $450.00 target price on shares of CrowdStrike in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $402.59.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $435.94 on Thursday. The stock has a 50-day simple moving average of $381.19 and a two-hundred day simple moving average of $372.47. The firm has a market capitalization of $108.06 billion, a PE ratio of 854.80, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $455.59.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Burt W. Podbere sold 16,000 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the sale, the chief financial officer now owns 249,653 shares in the company, valued at $109,068,402.64. This trade represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 189,431 shares of company stock worth $76,275,228. Insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently added to or reduced their stakes in CRWD. Siren L.L.C. grew its stake in shares of CrowdStrike by 4.2% in the first quarter. Siren L.L.C. now owns 25,000 shares of the company’s stock worth $8,814,000 after acquiring an additional 1,000 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased its holdings in CrowdStrike by 18.4% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 4,449 shares of the company’s stock worth $1,569,000 after purchasing an additional 690 shares during the period. MYDA Advisors LLC acquired a new stake in CrowdStrike in the 1st quarter valued at about $2,997,000. Truvestments Capital LLC grew its position in shares of CrowdStrike by 24.4% during the first quarter. Truvestments Capital LLC now owns 1,238 shares of the company’s stock worth $436,000 after buying an additional 243 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG increased its stake in shares of CrowdStrike by 3.4% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 7,600 shares of the company’s stock worth $2,680,000 after buying an additional 252 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.