Goldman Sachs Group Inc. Raises Stock Position in CrowdStrike (NASDAQ:CRWD)

Goldman Sachs Group Inc. boosted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 39.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,665,344 shares of the company's stock after buying an additional 760,222 shares during the period. Goldman Sachs Group Inc. owned 1.08% of CrowdStrike worth $939,747,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike during the 1st quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in shares of CrowdStrike during the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of CrowdStrike in the 1st quarter valued at $30,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Sanford C. Bernstein downgraded CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price on the stock. in a research report on Friday, June 6th. Wedbush upped their target price on CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Scotiabank upped their target price on CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. JMP Securities reissued a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, DA Davidson upped their target price on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $461.17.

Insider Activity

In related news, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the transaction, the chief financial officer directly owned 231,130 shares of the company's stock, valued at $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO George Kurtz sold 42,267 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the transaction, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 214,414 shares of company stock valued at $101,484,738 over the last ninety days. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

Shares of CRWD traded down $0.51 during mid-day trading on Friday, hitting $424.49. 3,626,057 shares of the company's stock were exchanged, compared to its average volume of 2,718,355. CrowdStrike has a fifty-two week low of $235.60 and a fifty-two week high of $517.98. The firm has a market capitalization of $105.80 billion, a P/E ratio of -615.20 and a beta of 1.13. The business's 50 day moving average is $477.04 and its two-hundred day moving average is $425.50. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The business's quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities analysts expect that CrowdStrike 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.