Morgan Stanley Reaffirms Overweight Rating for CrowdStrike (NASDAQ:CRWD)

Morgan Stanley reaffirmed their overweight rating on shares of CrowdStrike (NASDAQ:CRWD) in a research report released on Monday, Benzinga reports. The firm currently has a $325.00 price objective on the stock.

A number of other research analysts have also recently commented on the company. Rosenblatt Securities dropped their price target on CrowdStrike from $350.00 to $330.00 and set a buy rating for the company in a research note on Monday, August 26th. Mizuho cut their price target on CrowdStrike from $390.00 to $370.00 and set a buy rating on the stock in a research note on Wednesday, June 5th. Oppenheimer lowered their price objective on CrowdStrike from $450.00 to $365.00 and set an outperform rating for the company in a research note on Thursday, August 29th. The Goldman Sachs Group dropped their price objective on shares of CrowdStrike from $400.00 to $295.00 and set a buy rating for the company in a report on Thursday, August 15th. Finally, Stifel Nicolaus reduced their target price on shares of CrowdStrike from $400.00 to $300.00 and set a buy rating on the stock in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $327.16.

CrowdStrike Stock Performance

CrowdStrike stock opened at $253.53 on Monday. The stock has a market cap of $61.70 billion, a PE ratio of 478.36, a P/E/G ratio of 15.68 and a beta of 1.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a 12-month low of $157.59 and a 12-month high of $398.33. The business’s 50-day moving average price is $281.35 and its two-hundred day moving average price is $314.61.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 EPS. As a group, analysts expect that CrowdStrike will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the transaction, the president now directly owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The disclosure for this sale can be found here. Insiders sold a total of 130,219 shares of company stock valued at $48,856,294 over the last three months. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently modified their holdings of the company. Arlington Financial Advisors LLC increased its position in shares of CrowdStrike by 1.5% during the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after acquiring an additional 30 shares during the last quarter. Saturna Capital Corp raised its stake in shares of CrowdStrike by 2.7% during the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock worth $408,000 after purchasing an additional 33 shares during the period. Means Investment CO. Inc. raised its stake in shares of CrowdStrike by 1.8% during the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after purchasing an additional 35 shares during the period. Shepherd Financial Partners LLC boosted its holdings in shares of CrowdStrike by 1.4% in the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after buying an additional 36 shares during the last quarter. Finally, Albion Financial Group UT grew its position in CrowdStrike by 3.7% during the first quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after buying an additional 39 shares during the period. 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.