Form 4 CrowdStrike Holdings, For: Jun 27 Filed by: AUSTIN ROXANNE S

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Go back to Form 4 CrowdStrike Holdings, For: Jun 27 Filed by: AUSTIN ROXANNE S

Piper Sandler cuts CrowdStrike as risk/reward 'less favorable'

July 2, 2024 6:37 AM EDT

Piper Sandler downgraded CrowdStrike Holdings Inc. (NASDAQ: CRWD) to Neutral from Overweight in a note Tuesday, citing valuation concerns despite continued optimism on the company's future.

"Shares have deservedly risen to the highest revenue multiple of any public software company above $75B in market cap," the analysts note, adding they "do not... More