CrowdStrike (NASDAQ:CRWD) Price Target Lowered to $181.00 at Morgan Stanley

CrowdStrike (NASDAQ:CRWDGet Rating) had its target price lowered by Morgan Stanley from $212.00 to $181.00 in a report issued on Thursday, Stock Target Advisor reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on CrowdStrike from $240.00 to $270.00 and gave the stock a buy rating in a research report on Friday, April 8th. Robert W. Baird raised their target price on CrowdStrike from $225.00 to $275.00 and gave the stock an outperform rating in a research report on Friday, April 8th. The Goldman Sachs Group upgraded CrowdStrike from a neutral rating to a buy rating and increased their price objective for the stock from $241.00 to $285.00 in a report on Tuesday, April 12th. Citigroup assumed coverage on CrowdStrike in a report on Monday, January 24th. They set a buy rating and a $220.00 price objective for the company. Finally, JMP Securities reiterated a buy rating and set a $275.00 price objective on shares of CrowdStrike in a report on Monday, April 11th. One investment analyst has rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Buy and an average target price of $262.18.

Shares of CRWD traded up $12.48 during trading hours on Thursday, hitting $155.12. 112,061 shares of the company were exchanged, compared to its average volume of 4,814,105. The company has a market capitalization of $35.80 billion, a PE ratio of -149.43 and a beta of 1.44. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a fifty day simple moving average of $200.12 and a 200-day simple moving average of $202.01. CrowdStrike has a one year low of $130.00 and a one year high of $298.48.

CrowdStrike (NASDAQ:CRWDGet Rating) last issued its earnings results on Wednesday, March 9th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.06. The business had revenue of $431.01 million during the quarter, compared to analysts’ expectations of $412.38 million. CrowdStrike had a negative return on equity of 15.87% and a negative net margin of 16.17%. CrowdStrike’s revenue was up 62.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) earnings per share. Sell-side analysts expect that CrowdStrike will post -0.89 EPS for the current year.

In other news, insider Shawn Henry sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $203.04, for a total value of $4,060,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 13,282 shares of the company’s stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $200.42, for a total transaction of $2,661,978.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 170,458 shares of company stock valued at $35,634,355. Company insiders own 6.82% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 12,547,900 shares of the company’s stock valued at $2,849,377,000 after acquiring an additional 244,613 shares during the period. Jennison Associates LLC grew its position in shares of CrowdStrike by 4.6% during the 1st quarter. Jennison Associates LLC now owns 9,041,273 shares of the company’s stock worth $2,053,092,000 after purchasing an additional 395,795 shares in the last quarter. Tiger Global Management LLC grew its position in shares of CrowdStrike by 16.9% during the 1st quarter. Tiger Global Management LLC now owns 8,808,818 shares of the company’s stock worth $2,000,306,000 after purchasing an additional 1,271,818 shares in the last quarter. Morgan Stanley grew its position in shares of CrowdStrike by 223.3% during the 2nd quarter. Morgan Stanley now owns 4,563,798 shares of the company’s stock worth $1,146,928,000 after purchasing an additional 3,152,219 shares in the last quarter. Finally, State Street Corp grew its position in shares of CrowdStrike by 2.7% during the 4th quarter. State Street Corp now owns 4,240,652 shares of the company’s stock worth $868,273,000 after purchasing an additional 111,900 shares in the last quarter. 63.02% of the stock is currently owned by hedge funds and other institutional investors.

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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