As a direct result of this change, the share price of CrowdStrike Holdings, Inc. (NASDAQ: C.R.W.D.), which had been downgraded by Jefferies Financial Group on Thursday from a buy rating to a hold recommendation, dropped to a new all-time low for the period covering the last 52 weeks. After being established at $175.00, Jefferies Financial Group now has a price objective of $120.00 for the stock, which is significantly lower than the previous price target of $175.00. During the trading session, the price of CrowdStrike ranged from $94.97 to $95.16; a total of 71694 shares were traded during the session. Before that, the stock had a price of $104.36 when it last closed.
Other analysts have written about the corporation, and their writings have included this topic. In a research report that was made public on November 30, DA Davidson lowered their “buy” recommendation for CrowdStrike and lowered their price objective for the company from $235.00 to $145.00. Both of these changes were made about CrowdStrike. Robert W. Baird gave the company an “outperform” rating and decreased their price target on CrowdStrike from $237.00 to $185.00 in a research note published on November 30. Additionally, the report gave the company an “outperform” rating. Needham & Firm L.L.C. gave the company a “buy” rating in a research report published on November 30. However, due to this rating, the firm lowered its target price on CrowdStrike shares from $225.00 to $165.00. The report’s subject matter was the company. Stephens, a brokerage firm, lowered its price objective on CrowdStrike shares from $205.00 to $161.00 in a research note published on November 30, 2018, and was titled “CrowdStrike Price Objective.” Despite this modification, they continued to give the stock an “overweight” rating.
Last but not least, Citigroup lowered both its “buy” rating and price objective for CrowdStrike shares from $245.00 to $160.00 in a research note published on December 1. Thirty-three analysts have recommended purchasing company shares, while only four have suggested investors maintain their current holdings. According to information from Bloomberg.com, the current average rating for CrowdStrike is “Moderate Buy,” The website reports that the price target has been set at $192.83. In addition, the website states that the current rating for CrowdStrike is “Moderate Buy.”
In other related news, Roxanne S. Austin, a company director, purchased 15,000 shares of company stock on Tuesday, December 27. As a result of the transaction, a total expenditure of $1,500.450.00 was incurred. This was because the stock cost was determined to be $100.03 per share, which resulted in the transaction. Because of the acquisition, the director is now the owner of 55,419 shares of the company. These shares have an estimated value of $5,543,562.57. The acquisition was made public in a legally filed document with the S.E.C. That document can be located on the website of the S.E.C. In other news concerning CrowdStrike, director Roxanne S. Austin bought 15,000 shares of the company’s stock on December 27. This transaction took place on Tuesday. The cost of purchasing all the shares came to a total of $1,500,450.00, with an average price of $100.03 placed on each share.
As a direct result of the purchase, the director is now the owner of 55,419 shares of the company. The current market value of these shares is $5,543,562.57. If you follow this link, which will take you to a document presented to the S.E.C., you can access additional details regarding the acquisition. Denis Oleary, a director at CrowdStrike, sold 39,448 shares of the company’s stock on Monday, December 19. The shares were sold for a total of $4,299,832.00, which works out to an average price of $109 per share when divided by the total amount. As a direct consequence of the transaction, the director now directly owns 3,887 shares of the company. The total value of these shares is $423,683, so the director’s investment is doing quite well. Disclosures that are related to the sale might be found in this section of the website. Business insiders have sold 109,252 shares of company stock over the past three months, bringing in total revenue of $11,807,218 due to their actions. 6.82% of the total number of shares in the company are owned by those working within the company.
In the most recent few months, several hedge funds and other institutional investors have adjusted the percentage of the company’s stock held by each portfolio. During the first three months of the year, Fairfield Bush & Co. purchased CrowdStrike stock with an approximate value of 654 thousand dollars. During the first three months of the year, Acadian Asset Management L.L.C. increased the percentage of CrowdStrike stock owned by 46.2%. After purchasing an additional 2,235 shares during the period in question, Acadian Asset Management L.L.C. now owns 7,074 shares of the company’s stock, which have a combined value of $1,603,000. This brings the total number of shares directly owned by Acadian Asset Management L.L.C. to 7,074. In addition, MetLife Investment Management L.L.C. made a brand new investment in CrowdStrike during the year’s first three months. The total cost of this investment was approximately $2,930,000. A.P.G. Asset Management N.V.N.V. was able to increase the proportion of CrowdStrike stock owned by 66.6% over the first three months of 2018. A.P.G. Asset Management N.V.N.V. now owns a total of 42,015 shares of the company’s stock, currently valued at $8,575,000, after purchasing an additional 16,800 shares during the period in question. This brings the total number of shares owned by the company to 42,015. And finally, during the first three months of this year, Yousif Capital Management L.L.C. increased its existing position in CrowdStrike by purchasing an additional 4,3 percent of its shares. Yousif Capital Management L.L.C. is the company’s current owner of 2,934 shares. The current market value of these shares is $666,000. This is a direct result of purchasing 120 additional shares during the most recent quarter of the company’s fiscal year. Hedge funds and other institutional investors have a combined ownership stake in the company equal to 65.05 percent of its total shares.
The debt-to-equity ratio is calculated to be 0.55, the current ratio is calculated to be 1.76, and the quick ratio is also calculated to be 1.76. The stock price has been $125.73 on a moving average basis over the past 50 days, while the price has been $159.39 on a moving average basis over the last 200 days. The current P/E ratio for the company is -12.56, and it has a beta value of 1.09. The company’s market value is $22.62 billion at the moment.
CrowdStrike Holdings, Inc. provides endpoints, cloud workloads, identities, and data with cloud-based security solutions. These solutions can be accessed remotely. Some offered services include log management, threat intelligence, managed security services, I.T.I.T. operations management, threat hunting, and zero-trust identity protection. In conjunction with a network of channel partners, the company’s direct sales staff bears the primary responsibility for selling subscriptions to the Falcon platform and cloud modules. This is the case even though the company has a channel partner network.
