CrowdStrike (NASDAQ:CRWD) PT Lowered to $360.00 at Morgan Stanley

CrowdStrike (NASDAQ:CRWD) had its price objective reduced by Morgan Stanley from $396.00 to $360.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also issued reports on CRWD. Guggenheim lowered shares of CrowdStrike from a buy rating to a neutral rating in a research note on Monday, July 22nd. Evercore ISI lowered their price target on CrowdStrike from $405.00 to $350.00 and set an outperform rating on the stock in a research report on Friday, July 19th. Royal Bank of Canada cut their price objective on CrowdStrike from $420.00 to $380.00 and set an outperform rating for the company in a research report on Monday, July 22nd. BTIG Research lowered CrowdStrike from a buy rating to a neutral rating in a report on Monday, July 22nd. Finally, KeyCorp cut their price target on CrowdStrike from $440.00 to $420.00 and set an overweight rating for the company in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $351.76.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $224.22 on Monday. The company’s fifty day moving average is $345.42 and its two-hundred day moving average is $324.78. The company has a market cap of $54.57 billion, a P/E ratio of 423.06, a price-to-earnings-growth ratio of 11.95 and a beta of 1.10. CrowdStrike has a 12-month low of $140.52 and a 12-month high of $398.33. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The business had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. Equities analysts expect that CrowdStrike will post 0.89 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the transaction, the chief executive officer now directly owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The disclosure for this sale can be found here. Insiders sold a total of 147,643 shares of company stock valued at $54,992,604 over the last quarter. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Financial Counselors Inc. boosted its holdings in CrowdStrike by 3.9% during the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after buying an additional 50 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in CrowdStrike in the fourth quarter worth $58,000. Saxony Capital Management LLC bought a new position in shares of CrowdStrike during the fourth quarter worth $1,756,000. Los Angeles Capital Management LLC grew its holdings in shares of CrowdStrike by 5,210.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 124,590 shares of the company’s stock valued at $31,810,000 after buying an additional 122,244 shares during the period. Finally, BNP Paribas bought a new stake in shares of CrowdStrike in the 1st quarter valued at $2,685,000. 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.