CrowdStrike’s (CRWD) “Overweight” Rating Reiterated at Morgan Stanley

Morgan Stanley reaffirmed their overweight rating on shares of CrowdStrike (NASDAQ:CRWD) in a research note published on Monday morning, Benzinga reports. The brokerage currently has a $325.00 target price on the stock.

A number of other research analysts also recently issued reports on CRWD. Jefferies Financial Group cut their target price on shares of CrowdStrike from $400.00 to $300.00 and set a buy rating on the stock in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a hold rating on the stock in a report on Monday, August 26th. Piper Sandler raised shares of CrowdStrike from a neutral rating to an overweight rating and lowered their target price for the stock from $310.00 to $290.00 in a report on Tuesday, August 6th. Barclays increased their price target on CrowdStrike from $285.00 to $295.00 and gave the company an overweight rating in a research note on Thursday, August 29th. Finally, BTIG Research cut CrowdStrike from a buy rating to a neutral rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has a consensus rating of Moderate Buy and an average target price of $327.16.

CrowdStrike Price Performance

Shares of CRWD stock opened at $253.53 on Monday. CrowdStrike has a 1 year low of $157.59 and a 1 year high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $281.35 and its 200-day moving average is $314.61. The firm has a market capitalization of $61.70 billion, a price-to-earnings ratio of 478.36, a PEG ratio of 15.68 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. Sell-side analysts forecast that CrowdStrike will post 0.56 EPS for the current fiscal year.

Insider Activity

In related news, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares in the company, valued at approximately $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the transaction, the insider now owns 200,672 shares in the company, valued at $76,843,328.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,219 shares of company stock valued at $48,856,294. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors have recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike during the 2nd quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike during the first quarter worth about $30,000. Family Firm Inc. bought a new position in CrowdStrike in the 2nd quarter valued at about $30,000. Johnson Financial Group Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at approximately $31,000. Finally, Northwest Bank & Trust Co bought a new stake in shares of CrowdStrike during the 4th quarter worth approximately $32,000. 71.16% of the stock is currently owned by institutional investors.

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.