Morgan Stanley Lowers CrowdStrike (NASDAQ:CRWD) Price Target to $415.00

CrowdStrike (NASDAQ:CRWD) had its price target dropped by equities research analysts at Morgan Stanley from $429.00 to $415.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 10.48% from the company’s previous close.

A number of other research firms also recently commented on CRWD. BTIG Research raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price target for the company in a research note on Tuesday, March 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Stephens initiated coverage on shares of CrowdStrike in a research report on Tuesday, April 1st. They set an “overweight” rating and a $450.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $440.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Susquehanna boosted their price target on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $400.53.

CrowdStrike Price Performance

CrowdStrike stock opened at $375.62 on Wednesday. The firm has a market cap of $93.11 billion, a PE ratio of 736.52, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. 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’s fifty day moving average price is $376.90 and its two-hundred day moving average price is $357.06. CrowdStrike has a one year low of $200.81 and a one year high of $455.59.

Insider Buying and Selling

In related 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 transaction, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the sale, the director now directly owns 768,092 shares of the company’s stock, valued at approximately $248,984,702.72. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,401 shares of company stock valued at $45,119,220 over the last ninety days. 4.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CRWD. Berbice Capital Management LLC bought a new position in CrowdStrike in the 4th quarter valued at about $27,000. Fortitude Family Office LLC raised its stake in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the last quarter. FPC Investment Advisory Inc. lifted its holdings in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock valued at $31,000 after buying an additional 38 shares during the last quarter. Finally, Luken Investment Analytics LLC bought a new stake in CrowdStrike during the fourth quarter worth $34,000. 71.16% of the stock is owned by institutional investors.

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.