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

CrowdStrike (NASDAQ:CRWD - Free Report) had its target price raised by Morgan Stanley from $390.00 to $429.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also recently weighed in on CRWD. Jefferies Financial Group upped their price target on shares of CrowdStrike from $415.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Oppenheimer lifted their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Stifel Nicolaus increased their price objective on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Monday, November 25th. Finally, The Goldman Sachs Group increased their price objective on CrowdStrike from $372.00 to $415.00 and gave the company a "buy" rating in a report on Tuesday, December 24th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus target price of $383.08.

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CrowdStrike Stock Down 6.8 %

Shares of CrowdStrike stock traded down $29.53 on Wednesday, hitting $406.61. The company had a trading volume of 5,588,416 shares, compared to its average volume of 3,150,410. The firm has a market capitalization of $100.15 billion, a P/E ratio of 797.30, a P/E/G ratio of 17.86 and a beta of 1.16. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a 50-day moving average of $384.76 and a 200-day moving average of $329.67.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of the firm's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the transaction, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 136,565 shares of company stock valued at $51,038,529 over the last three months. Corporate insiders own 4.34% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently modified their holdings of CRWD. Norges Bank bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $1,111,542,000. Pathstone Holdings LLC increased its stake in shares of CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares during the last quarter. Jennison Associates LLC increased its stake in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of CrowdStrike by 17,926.3% during the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock worth $259,668,000 after purchasing an additional 920,695 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock worth $212,021,000 after purchasing an additional 712,900 shares during the last quarter. 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.