CrowdStrike (NASDAQ:CRWD) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley assumed coverage on shares of CrowdStrike (NASDAQ:CRWD) in a research report report published on Tuesday morning. The firm issued an overweight rating on the stock.

Other analysts have also issued research reports about the stock. Royal Bank of Canada reiterated an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Raymond James cut CrowdStrike from an “outperform” rating to a “cautious” rating in a research note on Monday, March 10th. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Needham & Company LLC restated a “buy” rating and set a $420.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Piper Sandler set a $347.00 target price on CrowdStrike in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $398.78.

CrowdStrike Stock Down 0.5 %

CRWD stock opened at $363.15 on Tuesday. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $455.59. The business has a 50-day simple moving average of $385.73 and a 200 day simple moving average of $343.12. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $89.45 billion, a PE ratio of 712.07, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the transaction, the chief executive officer now owns 2,159,935 shares in the company, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Sentonas sold 10,801 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the transaction, the president now directly owns 389,589 shares in the company, valued at $139,655,968.83. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,315 shares of company stock valued at $38,319,124. 4.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently modified their holdings of the company. Berbice Capital Management LLC purchased a new position in CrowdStrike during the 4th quarter worth $27,000. Fortitude Family Office LLC grew its stake in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the period. FPC Investment Advisory Inc. increased its stake in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in CrowdStrike in the 4th quarter valued at approximately $34,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike in the fourth quarter valued at $34,000. 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.