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

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

Several other equities analysts have also issued reports on the stock. Robert W. Baird lowered their target price on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Susquehanna boosted their target price on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, March 5th. Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Canaccord Genuity Group upped their price target on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, CICC Research began coverage on shares of CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 target price for the company. Two equities 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 given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $398.78.

CrowdStrike Trading Down 1.6 %

Shares of CRWD traded down $5.73 during trading hours on Tuesday, reaching $359.11. 477,061 shares of the company traded hands, compared to its average volume of 4,722,377. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $455.59. The company’s fifty day moving average price is $385.67 and its two-hundred day moving average price is $342.51. The company has a market capitalization of $88.45 billion, a price-to-earnings ratio of 700.98, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction on 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 sale, the director now owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. This trade represents a 2.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now owns 89,714 shares of the company’s stock, valued at $31,669,042. This represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,319,124 over the last quarter. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after acquiring an additional 342,294 shares during the last quarter. State Street Corp increased its position in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC raised its stake in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after purchasing an additional 352,180 shares during the period. Geode Capital Management LLC boosted its holdings in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $1,111,542,000. Hedge funds and other 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.