Morgan Stanley Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

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

A number of other equities research analysts have also issued reports on the stock. Oppenheimer decreased their target price on shares of CrowdStrike from $450.00 to $365.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Jefferies Financial Group lifted their price objective on shares of CrowdStrike from $315.00 to $345.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Guggenheim lowered shares of CrowdStrike from a "buy" rating to a "neutral" rating in a research note on Monday, July 22nd. JMP Securities reaffirmed a "market outperform" rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. Finally, Wells Fargo & Company reduced their price objective on shares of CrowdStrike from $435.00 to $350.00 and set an "overweight" rating for the company in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $331.90.

CrowdStrike Trading Up 1.8 %

NASDAQ CRWD traded up $6.22 on Monday, hitting $342.97. 2,378,319 shares of the stock were exchanged, compared to its average volume of 5,012,240. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market capitalization of $84.07 billion, a price-to-earnings ratio of 497.06, a P/E/G ratio of 22.77 and a beta of 1.10. The company's 50-day moving average price is $297.79 and its two-hundred day moving average price is $310.36.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. Research analysts predict that CrowdStrike will post 0.52 EPS for the current year.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares of the company's stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 55,325 shares of the company's stock in a transaction dated 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 in the company, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

A number of large investors have recently modified their holdings of CRWD. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike during the second quarter worth approximately $25,000. Oakworth Capital Inc. bought a new position in shares of CrowdStrike during the third quarter worth $28,000. Tsfg LLC boosted its position in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 89 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the second quarter worth $30,000. Finally, Castleview Partners LLC acquired a new stake in shares of CrowdStrike during the third quarter worth $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.