CrowdStrike (NASDAQ:CRWD) Now Covered by Analysts at Morgan Stanley

Investment analysts at Morgan Stanley began coverage on shares of CrowdStrike (NASDAQ:CRWD) in a report issued on Tuesday. The firm set an “overweight” rating on the stock.

Several other analysts have also weighed in on CRWD. Canaccord Genuity Group lifted their price objective on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective on the stock. in a report on Wednesday, November 27th. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. KeyCorp decreased their price objective on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $420.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $399.51.

CrowdStrike Stock Performance

CRWD opened at $375.05 on Tuesday. The firm has a market capitalization of $92.96 billion, a P/E ratio of 735.41, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock’s 50 day moving average price is $386.06 and its two-hundred day moving average price is $343.34. 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 12-month low of $200.81 and a 12-month high of $455.59.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the sale, the insider now directly owns 89,714 shares of the company’s stock, valued at $31,669,042. The trade was a 4.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 11,217 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.14, for a total value of $4,017,256.38. Following the sale, the chief financial officer now directly owns 290,711 shares of the company’s stock, valued at approximately $104,115,237.54. This trade represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,315 shares of company stock valued at $38,319,124. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently modified their holdings of CRWD. Norges Bank bought a new stake in shares of CrowdStrike in the fourth quarter worth about $1,111,542,000. Pathstone Holdings LLC increased its holdings in shares of CrowdStrike by 379.0% in the fourth 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 in the last quarter. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after acquiring an additional 712,900 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of CrowdStrike in the fourth quarter worth about $237,375,000. 71.16% of the stock is currently 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.