CrowdStrike (NASDAQ:CRWD) Price Target Raised to $455.00
Morgan Stanley raised its price target for CrowdStrike (NASDAQ:CRWD) from $415.00 to $455.00, maintaining an "overweight" rating. This indicates a potential upside of 5.94% from the previous close. Other analysts have also increased their targets, with an average consensus price target of $403.56. Despite the positive outlook, CrowdStrike's shares fell 1.5% to $429.47 during trading. Insider sales have occurred, with significant transactions reported. The stock has a market cap of $106.45 billion and a P/E ratio of 841.54.
CrowdStrike (NASDAQ:CRWD - Get Free Report) had its price objective increased by research analysts at Morgan Stanley from $415.00 to $455.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's price objective indicates a potential upside of 5.94% from the company's previous close.
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Other equities analysts have also recently issued research reports about the stock. Evercore ISI lifted their target price on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Royal Bank of Canada reiterated an "outperform" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Rosenblatt Securities reissued a "buy" rating and issued a $450.00 price target on shares of CrowdStrike in a report on Thursday, May 8th. Finally, Wedbush raised their price target on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $403.56.
Get Our Latest Stock Analysis on CrowdStrike
CrowdStrike Stock Down 1.5%
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Shares of CRWD traded down $6.47 during trading hours on Thursday, reaching $429.47. 939,632 shares of the stock traded hands, compared to its average volume of 5,085,329. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a market cap of $106.45 billion, a price-to-earnings ratio of 841.54, a PEG ratio of 17.86 and a beta of 1.22. The stock has a fifty day simple moving average of $381.19 and a 200 day simple moving average of $372.47. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.
Insider Transactions at CrowdStrike
In other news, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. The trade was a 4.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 16,000 shares of the company's stock in a transaction dated 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 directly owns 249,653 shares in the company, valued at $109,068,402.64. This represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 189,431 shares of company stock valued at $76,275,228. Company insiders own 3.32% of the company's stock.
Institutional Trading of CrowdStrike
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A number of hedge funds have recently made changes to their positions in the stock. Grassi Investment Management purchased a new position in CrowdStrike in the fourth quarter worth about $240,000. AdvisorNet Financial Inc lifted its holdings in shares of CrowdStrike by 9.3% during the fourth quarter. AdvisorNet Financial Inc now owns 1,454 shares of the company's stock valued at $498,000 after purchasing an additional 124 shares in the last quarter. Park Avenue Securities LLC raised its position in CrowdStrike by 23.7% in the 4th quarter. Park Avenue Securities LLC now owns 12,197 shares of the company's stock worth $4,173,000 after buying an additional 2,339 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in CrowdStrike by 42.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 495 shares of the company's stock valued at $169,000 after acquiring an additional 148 shares during the period. Finally, Rockingstone Advisors LLC lifted its stake in CrowdStrike by 86.0% during the 4th quarter. Rockingstone Advisors LLC now owns 10,451 shares of the company's stock valued at $3,576,000 after acquiring an additional 4,833 shares during the period. 71.16% of the stock is owned by institutional investors.
About CrowdStrike
(Get Free Report)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.
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