CrowdStrike (NASDAQ:CRWD) Earns Equal Weight Rating from Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of CrowdStrike (NASDAQ:CRWD - Free Report) in a research note published on Monday morning, MarketBeat Ratings reports. They currently have a $495.00 price objective on the stock, up from their prior price objective of $490.00.

Several other brokerages have also recently issued reports on CRWD. Barclays set a $500.00 target price on shares of CrowdStrike in a report on Tuesday, June 3rd. DZ Bank cut shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price for the company. in a report on Thursday, May 22nd. Bank of America reissued a "neutral" rating and set a $470.00 target price (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. DA Davidson raised their target price on shares of CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets raised their target price on shares of CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $456.60.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded up $1.33 on Monday, hitting $471.78. 1,053,909 shares of the company were exchanged, compared to its average volume of 4,753,175. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. The stock's 50 day moving average price is $472.41 and its 200 day moving average price is $413.02. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $117.59 billion, a P/E ratio of -684.26 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The business's revenue for the quarter was up 19.8% compared to the same quarter last year. Sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity

In related news, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the transaction, the chief executive officer directly owned 2,192,610 shares in the company, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director owned 18,858 shares in the company, valued at $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,294 shares of company stock valued at $118,670,500 in the last ninety days. 3.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after purchasing an additional 908,554 shares during the last quarter. Jennison Associates LLC raised its stake in shares of CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the period. Geode Capital Management LLC raised its stake in shares of CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after acquiring an additional 124,984 shares during the period. Norges Bank purchased a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $1,111,542,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of CrowdStrike by 52.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock valued at $977,149,000 after acquiring an additional 955,529 shares during the period. 71.16% of the stock is currently 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.