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

Morgan Stanley began coverage on shares of CrowdStrike (NASDAQ:CRWD - Free Report) in a research note published on Tuesday. The firm issued an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on CRWD. JPMorgan Chase & Co. raised their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Piper Sandler set a $347.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Mizuho increased their target price on CrowdStrike from $385.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. DA Davidson lifted their price target on CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, HSBC cut CrowdStrike from a "buy" rating to a "hold" rating and set a $347.00 price objective for the company. in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $399.51.

CrowdStrike Price Performance

NASDAQ CRWD traded down $6.79 during trading on Tuesday, reaching $362.24. The company's stock had a trading volume of 8,116,345 shares, compared to its average volume of 4,758,209. The firm has a fifty day moving average of $386.27 and a 200 day moving average of $343.52. CrowdStrike has a one year low of $200.81 and a one year high of $455.59. The stock has a market capitalization of $89.79 billion, a PE ratio of 710.29, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 17,120 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the sale, the director now owns 780,592 shares in the company, valued at approximately $334,194,852.96. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock worth $38,319,124 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. 111 Capital purchased a new stake in shares of CrowdStrike in the 4th quarter worth approximately $764,000. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of CrowdStrike in the fourth quarter worth $27,016,000. Centaurus Financial Inc. grew its stake in shares of CrowdStrike by 62.0% in the fourth quarter. Centaurus Financial Inc. now owns 3,153 shares of the company's stock worth $1,079,000 after acquiring an additional 1,207 shares during the last quarter. Wealthedge Investment Advisors LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at $858,000. Finally, Siemens Fonds Invest GmbH raised its position in shares of CrowdStrike by 37.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company's stock worth $2,384,000 after purchasing an additional 1,893 shares during the last quarter. 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.