CrowdStrike (NASDAQ:CRWD) Stock Price Up 1.8% Following Analyst Upgrade

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) were up 1.8% during trading on Wednesday after The Goldman Sachs Group raised their price target on the stock from $389.00 to $530.00. The Goldman Sachs Group currently has a buy rating on the stock. CrowdStrike traded as high as $479.48 and last traded at $476.04. Approximately 1,067,570 shares traded hands during trading, a decline of 79% from the average daily volume of 5,036,702 shares. The stock had previously closed at $467.65.

CRWD has been the topic of several other research reports. Oppenheimer increased their target price on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Susquehanna increased their price objective on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a report on Wednesday, June 4th. Mizuho increased their price target on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Cantor Fitzgerald increased their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Finally, Evercore ISI reissued an "in-line" rating and issued a $440.00 price target (down from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $453.17.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares of the company's stock, valued at approximately $31,669,042. The trade was a 4.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 13,543 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the transaction, the president now directly owns 405,308 shares in the company, valued at approximately $145,351,554.96. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 252,361 shares of company stock worth $106,359,058. 3.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after acquiring an additional 908,554 shares during the period. Jennison Associates LLC grew its stake in CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares during the period. Geode Capital Management LLC grew its stake in CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after purchasing an additional 124,984 shares during the period. Norges Bank purchased a new stake in CrowdStrike in the fourth quarter worth $1,111,542,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in CrowdStrike by 52.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock worth $977,149,000 after purchasing an additional 955,529 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

The company has a 50 day moving average of $422.55 and a two-hundred day moving average of $390.29. The company has a market capitalization of $119.14 billion, a PE ratio of 942.47, a PEG ratio of 17.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The company's revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. As a group, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

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.