CrowdStrike (NASDAQ:CRWD) Given New $355.00 Price Target at Morgan Stanley

CrowdStrike (NASDAQ:CRWD) had its target price lifted by Morgan Stanley from $325.00 to $355.00 in a research note released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also weighed in on CRWD. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. TD Cowen dropped their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Evercore ISI decreased their target price on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. The Goldman Sachs Group dropped their price target on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, Sanford C. Bernstein decreased their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $331.90.

CrowdStrike Stock Up 1.8 %

Shares of NASDAQ:CRWD opened at $342.97 on Monday. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $398.33. The stock has a market capitalization of $84.07 billion, a price-to-earnings ratio of 497.06, a PEG ratio of 22.77 and a beta of 1.10. The stock has a fifty day simple moving average of $299.72 and a two-hundred day simple moving average of $310.63. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. On average, research analysts anticipate that CrowdStrike will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the business. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike during the 2nd quarter valued at about $25,000. Family Firm Inc. purchased a new stake in CrowdStrike during the second quarter valued at approximately $30,000. Itau Unibanco Holding S.A. bought a new stake in shares of CrowdStrike in the 2nd quarter valued at approximately $33,000. Unique Wealth Strategies LLC purchased a new position in shares of CrowdStrike in the 2nd quarter worth approximately $36,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of CrowdStrike during the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.