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

Morgan Stanley initiated coverage on shares of CrowdStrike (NASDAQ:CRWD) in a research report released on Tuesday morning. The brokerage issued an overweight rating on the stock.

A number of other analysts have also recently weighed in on CRWD. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Canaccord Genuity Group upped their price target on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target for the company. in a research report on Wednesday, November 27th. Oppenheimer upped their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI upped their price target on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $399.51.

CrowdStrike Stock Down 1.6 %

Shares of NASDAQ CRWD opened at $369.03 on Tuesday. The firm has a fifty day moving average of $386.27 and a 200-day moving average of $343.52. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $455.59. The stock has a market capitalization of $91.47 billion, a PE ratio of 723.60, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 18,071 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares in the company, valued at $776,928,619.50. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock worth $38,319,124 over the last quarter. 4.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the company. FSA Wealth Management LLC boosted its holdings in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after acquiring an additional 23 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after acquiring an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after acquiring an additional 27 shares in the last quarter. Wintrust Investments LLC boosted its holdings in shares of CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after acquiring an additional 29 shares in the last quarter. Finally, Synergy Financial Group LTD boosted its holdings in shares of CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds 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.