Morgan Stanley Lowers CrowdStrike (NASDAQ:CRWD) Price Target to $190.00

CrowdStrike (NASDAQ:CRWDGet Rating) had its price objective lowered by Morgan Stanley from $217.00 to $190.00 in a report published on Tuesday morning, The Fly reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also recently issued research reports about the stock. Barclays reduced their target price on shares of CrowdStrike from $225.00 to $180.00 and set an overweight rating on the stock in a report on Friday, November 18th. Moffett Nathanson initiated coverage on shares of CrowdStrike in a research note on Thursday, September 22nd. They issued a buy rating and a $280.00 price target on the stock. Citigroup increased their price target on shares of CrowdStrike to $245.00 in a research note on Tuesday, September 6th. Cowen reiterated a buy rating and issued a $220.00 price target on shares of CrowdStrike in a research note on Wednesday, September 21st. Finally, Jefferies Financial Group reiterated a buy rating and issued a $215.00 price target on shares of CrowdStrike in a research note on Tuesday, August 30th. One research analyst has rated the stock with a hold rating and thirty-five have issued a buy rating to the stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of Moderate Buy and an average target price of $234.94.

CrowdStrike Stock Up 3.7 %

Shares of CRWD opened at $140.89 on Tuesday. The company’s 50-day simple moving average is $154.94 and its 200-day simple moving average is $168.20. The stock has a market capitalization of $32.88 billion, a PE ratio of -187.85 and a beta of 1.19. CrowdStrike has a 1 year low of $120.50 and a 1 year high of $242.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.80 and a current ratio of 1.80.

CrowdStrike (NASDAQ:CRWDGet Rating) last issued its earnings results on Tuesday, August 30th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The firm had revenue of $535.15 million during the quarter, compared to analyst estimates of $516.44 million. CrowdStrike had a negative net margin of 9.45% and a negative return on equity of 12.96%. The firm’s revenue was up 58.5% compared to the same quarter last year. During the same period last year, the business earned ($0.21) EPS. Analysts forecast that CrowdStrike will post -0.76 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 3,032 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $173.67, for a total value of $526,567.44. Following the completion of the transaction, the chief accounting officer now owns 27,999 shares of the company’s stock, valued at approximately $4,862,586.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Anurag Saha sold 3,032 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $173.67, for a total value of $526,567.44. Following the completion of the transaction, the chief accounting officer now owns 27,999 shares of the company’s stock, valued at approximately $4,862,586.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 11,590 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $173.00, for a total transaction of $2,005,070.00. Following the completion of the transaction, the chief financial officer now directly owns 304,563 shares of the company’s stock, valued at approximately $52,689,399. The disclosure for this sale can be found here. Insiders sold 106,011 shares of company stock valued at $18,360,689 in the last 90 days. 6.82% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRWD. Mach 1 Financial Group LLC purchased a new stake in CrowdStrike in the 3rd quarter valued at about $27,000. Core Alternative Capital grew its holdings in CrowdStrike by 2,233.3% in the 1st quarter. Core Alternative Capital now owns 140 shares of the company’s stock valued at $32,000 after buying an additional 134 shares during the period. Householder Group Estate & Retirement Specialist LLC purchased a new stake in CrowdStrike in the 3rd quarter valued at about $32,000. Proffitt & Goodson Inc. purchased a new stake in CrowdStrike in the 1st quarter valued at about $34,000. Finally, Sound Income Strategies LLC grew its holdings in shares of CrowdStrike by 42.9% during the 2nd quarter. Sound Income Strategies LLC now owns 200 shares of the company’s stock worth $34,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 67.43% of the company’s stock.

About CrowdStrike

(Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

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