Morgan Stanley Raises CrowdStrike (NASDAQ:CRWD) Price Target to $429.00

CrowdStrike (NASDAQ:CRWD) had its target price hoisted by stock analysts at Morgan Stanley from $390.00 to $429.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential downside of 1.64% from the company’s current price.

CRWD has been the subject of a number of other reports. JMP Securities restated a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Monday, November 4th. Barclays upped their target price on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Stifel Nicolaus lifted their price target on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Robert W. Baird restated a “neutral” rating and issued a $430.00 price objective (up from $390.00) on shares of CrowdStrike in a research report on Monday, February 3rd. Finally, HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $379.73.

CrowdStrike Price Performance

CRWD stock opened at $436.14 on Wednesday. The firm has a 50 day moving average of $383.99 and a 200-day moving average of $328.39. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $107.43 billion, a P/E ratio of 855.19, a price-to-earnings-growth ratio of 18.65 and a beta of 1.16. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $455.59.

Insider Activity

In related news, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the transaction, the director now directly owns 780,592 shares in the company, valued at $334,194,852.96. This trade represents a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,565 shares of company stock worth $51,038,529 in the last quarter. 4.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently made changes to their positions in the business. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth approximately $27,000. Oakworth Capital Inc. bought a new stake in CrowdStrike in the third quarter worth $28,000. Fortitude Family Office LLC grew its stake in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the last quarter. FPC Investment Advisory Inc. increased its holdings 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 in the last quarter. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike in the 3rd quarter worth about $32,000. Institutional investors own 71.16% of the company’s stock.

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.