Morgan Stanley Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD) had its price target lifted by equities researchers at Morgan Stanley from $390.00 to $429.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target suggests a potential downside of 5.75% from the company’s current price.

Other analysts have also issued research reports about the company. Barclays boosted their price target on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. JMP Securities reissued a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. Oppenheimer boosted their price objective on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $377.85.

CrowdStrike Price Performance

Shares of CRWD stock opened at $455.18 on Wednesday. The stock’s fifty day simple moving average is $380.83 and its 200 day simple moving average is $326.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $112.12 billion, a price-to-earnings ratio of 892.53, a P/E/G ratio of 18.50 and a beta of 1.16. CrowdStrike has a one year low of $200.81 and a one year high of $455.44.

Insider Transactions at CrowdStrike

In related news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares of the company’s stock, valued at $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 132,565 shares of company stock worth $49,235,849. 4.34% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

Institutional investors have recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new position in CrowdStrike in the 4th quarter valued at $27,000. FPC Investment Advisory Inc. raised its holdings in 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 acquiring an additional 73 shares in the last quarter. Fortitude Family Office LLC raised its holdings in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in CrowdStrike in the 4th quarter valued at $34,000. Finally, Oakworth Capital Inc. acquired a new position in CrowdStrike in the 3rd quarter valued at $28,000. 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.