CrowdStrike (NASDAQ:CRWD) Earns Overweight Rating from Analysts at Morgan Stanley

Morgan Stanley assumed coverage on shares of CrowdStrike (NASDAQ:CRWD) in a research note issued on Tuesday. The firm set an “overweight” rating on the stock.

Several other research analysts have also recently issued reports on the stock. Evercore ISI upped their target price on shares of CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Stifel Nicolaus dropped their price objective on CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Oppenheimer boosted their target price on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $440.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $398.78.

CrowdStrike Stock Down 1.6 %

Shares of NASDAQ:CRWD traded down $5.73 during trading hours on Tuesday, reaching $359.11. The stock had a trading volume of 477,061 shares, compared to its average volume of 4,722,377. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $455.59. The firm’s 50 day moving average is $385.67 and its 200-day moving average is $342.51. The stock has a market capitalization of $88.45 billion, a price-to-earnings ratio of 700.98, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 5,505 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $1,973,377.35. Following the completion of the transaction, the insider now owns 110,293 shares of the company’s stock, valued at approximately $39,536,731.71. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,315 shares of company stock worth $38,319,124. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several hedge funds have recently bought and sold shares of CRWD. Berbice Capital Management LLC acquired a new position in shares of CrowdStrike in the 4th quarter worth $27,000. FPC Investment Advisory Inc. boosted its position in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Fortitude Family Office LLC increased its stake in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. Crowley Wealth Management Inc. acquired a new stake in CrowdStrike during the 4th quarter worth about $34,000. Finally, Luken Investment Analytics LLC purchased a new stake in CrowdStrike during the fourth quarter valued at about $34,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Company Profile

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.