Morgan Stanley Raises CrowdStrike (NASDAQ:CRWD) Price Target to $163.00

CrowdStrike (NASDAQ:CRWD – Get Rating) had its target price hoisted by Morgan Stanley from $150.00 to $163.00 in a research note issued to investors on Tuesday, The Fly reports.

A number of other analysts have also recently weighed in on the company. Cowen cut their price target on CrowdStrike from $220.00 to $180.00 and set an outperform rating on the stock in a research note on Wednesday, November 30th. Needham & Company LLC restated a buy rating and issued a $165.00 price target on shares of CrowdStrike in a research note on Monday, March 6th. Redburn Partners began coverage on CrowdStrike in a research report on Thursday, December 1st. They set a buy rating and a $175.00 target price on the stock. Stifel Nicolaus lifted their target price on CrowdStrike from $110.00 to $125.00 and gave the stock a hold rating in a research report on Wednesday, March 8th. Finally, Evercore ISI cut their target price on CrowdStrike from $200.00 to $190.00 and set an outperform rating on the stock in a research report on Wednesday, March 8th. Five investment analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $173.14.

CrowdStrike Stock Up 5.4 %

CrowdStrike stock opened at $128.01 on Tuesday. CrowdStrike has a 1-year low of $92.25 and a 1-year high of $242.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market cap of $30.00 billion, a PE ratio of -162.04 and a beta of 1.02. The stock’s fifty day moving average is $111.17 and its two-hundred day moving average is $133.85.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,165 shares of CrowdStrike stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total transaction of $126,868.50. Following the completion of the transaction, the chief accounting officer now directly owns 33,301 shares in the company, valued at approximately $3,626,478.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Anurag Saha sold 1,165 shares of CrowdStrike stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total transaction of $126,868.50. Following the completion of the transaction, the chief accounting officer now directly owns 33,301 shares in the company, valued at approximately $3,626,478.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Denis Oleary sold 39,448 shares of the business’s stock in a transaction on Monday, December 19th. The shares were sold at an average price of $109.00, for a total value of $4,299,832.00. Following the completion of the transaction, the director now owns 3,887 shares of the company’s stock, valued at $423,683. The disclosure for this sale can be found here. Insiders have sold 109,252 shares of company stock valued at $11,807,218 in the last quarter. 6.82% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CRWD. Coppell Advisory Solutions Corp. acquired a new stake in shares of CrowdStrike during the 4th quarter worth $25,000. Mach 1 Financial Group LLC acquired a new stake in shares of CrowdStrike during the 3rd quarter worth $27,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of CrowdStrike during the 3rd quarter worth $32,000. Freedom Wealth Alliance LLC purchased a new stake in CrowdStrike during the 4th quarter worth $32,000. Finally, Pin Oak Investment Advisors Inc. boosted its position in CrowdStrike by 100.0% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 200 shares of the company’s stock worth $34,000 after purchasing an additional 100 shares during the period. 65.05% of the stock is currently owned by institutional investors and hedge funds.

About CrowdStrike

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CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.