CrowdStrike (NASDAQ:CRWD) Given New $415.00 Price Target at Morgan Stanley

CrowdStrike (NASDAQ:CRWD) had its price target decreased by investment analysts at Morgan Stanley from $429.00 to $415.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 6.39% from the company’s previous close.

CRWD has been the subject of a number of other reports. Citigroup reaffirmed a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Stephens initiated coverage on shares of CrowdStrike in a research note on Tuesday, April 1st. They set an “overweight” rating and a $450.00 target price on the stock. BMO Capital Markets boosted their price objective on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Wells Fargo & Company raised their price target on CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Finally, Mizuho increased their target price on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $400.53.

CrowdStrike Stock Performance

Shares of CRWD traded down $2.74 during trading hours on Wednesday, hitting $390.06. The stock had a trading volume of 1,361,439 shares, compared to its average volume of 4,998,605. The firm has a market capitalization of $96.69 billion, a PE ratio of 764.84, a PEG ratio of 17.86 and a beta of 1.28. 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 stock has a fifty day moving average price of $378.80 and a 200 day moving average price of $356.24. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $455.59.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total value of $3,595,700.00. Following the transaction, the director now directly owns 62,891 shares in the company, valued at approximately $22,613,716.87. The trade was a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total value of $2,577,437.50. Following the sale, the director now owns 805,592 shares of the company’s stock, valued at $332,218,084.88. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 116,801 shares of company stock valued at $44,134,002 over the last quarter. 4.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at about $27,000. FPC Investment Advisory Inc. boosted its stake in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Fortitude Family Office LLC increased its position in CrowdStrike by 112.8% during 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. purchased a new position in CrowdStrike in the 4th quarter valued at about $34,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $34,000. 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.