Morgan Stanley Raises CrowdStrike (NASDAQ:CRWD) Price Target to $429.00

CrowdStrike (NASDAQ:CRWD) had its price objective hoisted by Morgan Stanley from $390.00 to $429.00 in a research report report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also recently weighed in on the stock. Bank of America increased their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Barclays lifted their price target on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Cantor Fitzgerald upped their price objective on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Oppenheimer lifted their target price on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $379.73.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $450.14 on Wednesday. The company has a market cap of $110.87 billion, a P/E ratio of 882.64, a P/E/G ratio of 18.50 and a beta of 1.16. The firm’s fifty day moving average price is $382.58 and its two-hundred day moving average price is $327.63. CrowdStrike has a one year low of $200.81 and a one year 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.

Insiders Place Their Bets

In related news, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction on 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 completion of the transaction, the director now owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CRWD. Castleview Partners LLC bought a new position in shares of CrowdStrike during the 3rd quarter worth approximately $32,000. Telos Capital Management Inc. acquired a new position in shares of CrowdStrike during the 3rd quarter valued at $505,000. Oakworth Capital Inc. bought a new position in CrowdStrike during the third quarter worth $28,000. Calton & Associates Inc. acquired a new stake in CrowdStrike in the third quarter worth $382,000. Finally, Eastern Bank bought a new stake in CrowdStrike in the third quarter valued at $337,000. 71.16% of the stock is 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.