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

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

A number of other brokerages have also commented on CRWD. BMO Capital Markets increased their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Stifel Nicolaus increased their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Barclays boosted their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Needham & Company LLC increased their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. boosted their target price on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have assigned 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 $379.73.

CrowdStrike Price Performance

CrowdStrike stock opened at $450.14 on Wednesday. The business’s fifty day moving average is $382.58 and its two-hundred day moving average is $327.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm 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. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59.

Insider Activity at CrowdStrike

In other news, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the sale, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth approximately $27,000. FPC Investment Advisory Inc. increased its holdings in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Fortitude Family Office LLC raised its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares in the last quarter. Crowley Wealth Management Inc. acquired a new stake in CrowdStrike in the fourth quarter valued at $34,000. Finally, Oakworth Capital Inc. bought a new position in shares of CrowdStrike in the 3rd quarter valued at about $28,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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.