CrowdStrike (NASDAQ:CRWD) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

CrowdStrike (NASDAQ:CRWDGet Free Report) had its price objective hoisted by equities researchers at The Goldman Sachs Group from $389.00 to $530.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 11.12% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Rosenblatt Securities upped their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a “buy” rating in a report on Monday, June 2nd. Citigroup restated an “outperform” rating on shares of CrowdStrike in a report on Monday, May 5th. Wells Fargo & Company upped their target price on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. JMP Securities restated a “market outperform” rating and issued a $500.00 target price on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Truist Financial restated a “buy” rating and issued a $500.00 target price (up previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $453.17.

View Our Latest Stock Analysis on CrowdStrike

CrowdStrike Price Performance

CRWD stock opened at $476.98 on Tuesday. The firm has a market cap of $118.23 billion, a price-to-earnings ratio of 935.27, a PEG ratio of 17.86 and a beta of 1.16. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $491.20. The company’s fifty day simple moving average is $422.55 and its 200 day simple moving average is $390.29.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the transaction, the chief executive officer now directly owns 2,192,610 shares of the company’s stock, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the transaction, the director now directly owns 768,092 shares of the company’s stock, valued at $248,984,702.72. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 252,361 shares of company stock valued at $106,359,058 over the last quarter. Corporate insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. FSA Wealth Management LLC raised its holdings in CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after buying an additional 23 shares during the last quarter. Jacobi Capital Management LLC raised its holdings in CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after buying an additional 25 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings in CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company’s stock worth $51,000 after buying an additional 25 shares during the last quarter. Close Asset Management Ltd raised its holdings in CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company’s stock worth $46,000 after buying an additional 25 shares during the last quarter. Finally, Ramirez Asset Management Inc. raised its holdings in shares of CrowdStrike by 5.9% during the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company’s stock valued at $159,000 after purchasing an additional 25 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

About CrowdStrike

(Get Free Report)

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.

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Analyst Recommendations for CrowdStrike (NASDAQ:CRWD)

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