Morgan Stanley Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock Price

CrowdStrike (NASDAQ:CRWD - Free Report) had its price objective boosted by Morgan Stanley from $415.00 to $455.00 in a research report report published on Thursday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other equities research analysts have also commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $420.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Susquehanna boosted their price target on CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a report on Wednesday, March 5th. JMP Securities boosted their price target on CrowdStrike from $400.00 to $500.00 and gave the company a "market outperform" rating in a report on Monday, May 5th. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. upped their target price on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $403.56.

CrowdStrike Stock Up 1.7%

Shares of CrowdStrike stock traded up $7.42 during trading on Thursday, hitting $439.26. 2,119,098 shares of the stock traded hands, compared to its average volume of 5,099,511. The stock's fifty day simple moving average is $385.84 and its 200 day simple moving average is $374.26. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market cap of $108.88 billion, a P/E ratio of 861.31, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly owns 2,192,610 shares of the company's stock, valued at $981,280,679.40. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,431 shares of company stock worth $76,275,228. 3.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in CrowdStrike by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after buying an additional 908,554 shares in the last quarter. Jennison Associates LLC increased its holdings in CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after buying an additional 124,984 shares during the last quarter. Norges Bank acquired a new position in shares of CrowdStrike during the 4th quarter worth about $1,111,542,000. Finally, Goldman Sachs Group Inc. lifted its stake in CrowdStrike by 39.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after purchasing an additional 760,222 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.