Morgan Stanley Forecasts Strong Price Appreciation for CrowdStrike (NASDAQ:CRWD) Stock

CrowdStrike (NASDAQ:CRWD) had its price objective raised by investment analysts at Morgan Stanley from $415.00 to $455.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 3.58% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Barclays lowered their price target on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Stifel Nicolaus lowered their price target on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Piper Sandler set a $347.00 price target on CrowdStrike in a report on Wednesday, March 5th. Robert W. Baird lowered their price target on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Finally, BTIG Research upgraded CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price objective for the company in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $403.56.

CrowdStrike Stock Up 1.7%

Shares of NASDAQ:CRWD opened at $439.26 on Thursday. 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 firm has a market capitalization of $108.88 billion, a PE ratio of 861.31, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The firm’s 50-day moving average is $385.84 and its two-hundred day moving average is $374.26. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $455.59.

Insider Activity

In related news, CFO Burt W. Podbere sold 16,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the sale, the chief financial officer now owns 249,653 shares in the company, valued at $109,068,402.64. This represents a 6.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 189,431 shares of company stock valued at $76,275,228. Insiders own 3.32% of the company’s stock.

Institutional Trading of CrowdStrike

Several hedge funds have recently added to or reduced their stakes in CRWD. Norges Bank bought a new stake in CrowdStrike during the 4th quarter valued at approximately $1,111,542,000. Nuveen LLC bought a new stake in CrowdStrike during the 1st quarter valued at approximately $595,766,000. Jennison Associates LLC boosted its stake in CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares during the period. GAMMA Investing LLC boosted its stake in CrowdStrike by 50,536.2% during the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company’s stock valued at $383,132,000 after purchasing an additional 1,084,506 shares during the period. Finally, Pathstone Holdings LLC lifted its position in shares of CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock worth $440,116,000 after acquiring an additional 1,017,678 shares during the period. Institutional investors 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.