CrowdStrike (NASDAQ:CRWD) Price Target Raised to $455.00

CrowdStrike (NASDAQ:CRWD) had its price objective upped by Morgan Stanley from $415.00 to $455.00 in a research report released on Thursday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other analysts also recently issued reports on CRWD. BTIG Research raised shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price target on the stock in a report on Tuesday, March 25th. Piper Sandler set a $347.00 price target on CrowdStrike in a report on Wednesday, March 5th. DA Davidson raised their target price on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Wedbush boosted their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $403.56.

CrowdStrike Stock Performance

Shares of CRWD opened at $431.84 on Thursday. The company has a market cap of $107.04 billion, a price-to-earnings ratio of 846.76, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $455.59. The business’s fifty day simple moving average is $383.64 and its two-hundred day simple moving average is $373.37.

Insider Buying and Selling

In related news, CEO George Kurtz sold 55,556 shares of the company’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 now directly owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,431 shares of company stock worth $76,275,228 over the last three months. 3.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Banque Transatlantique SA increased its stake in CrowdStrike by 17,990.0% in the first quarter. Banque Transatlantique SA now owns 1,809 shares of the company’s stock worth $589,000 after purchasing an additional 1,799 shares during the period. AQR Capital Management LLC increased its stake in CrowdStrike by 34.5% in the 1st quarter. AQR Capital Management LLC now owns 168,686 shares of the company’s stock worth $57,757,000 after buying an additional 43,237 shares during the period. Aprio Wealth Management LLC lifted its holdings in CrowdStrike by 31.2% during the 1st quarter. Aprio Wealth Management LLC now owns 951 shares of the company’s stock valued at $335,000 after buying an additional 226 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake in CrowdStrike by 33.0% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 15,474 shares of the company’s stock worth $5,456,000 after buying an additional 3,838 shares during the last quarter. Finally, 1248 Management LLC purchased a new stake in shares of CrowdStrike during the first quarter worth about $184,000. Institutional investors own 71.16% of the company’s stock.

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.