Morgan Stanley Begins Coverage on CrowdStrike (NASDAQ:CRWD)

Equities research analysts at Morgan Stanley initiated coverage on shares of CrowdStrike (NASDAQ:CRWD) in a research note issued to investors on Tuesday. The firm set an “overweight” rating on the stock.

Several other brokerages have also weighed in on CRWD. Raymond James lowered CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Wedbush increased their price target on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Citigroup reissued a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company increased their price target on CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $399.51.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $375.05 on Tuesday. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business’s fifty day moving average price is $386.06 and its two-hundred day moving average price is $343.34. The firm has a market capitalization of $92.96 billion, a PE ratio of 735.41, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling

In other news, CEO George Kurtz sold 18,071 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the sale, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,315 shares of company stock valued at $38,319,124. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CRWD. Norges Bank acquired a new position in shares of CrowdStrike during the 4th quarter valued at about $1,111,542,000. Pathstone Holdings LLC increased its holdings in shares of CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock valued at $440,116,000 after acquiring an additional 1,017,678 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after acquiring an additional 712,900 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of CrowdStrike during the 4th quarter valued at about $237,375,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.