CrowdStrike (NASDAQ:CRWD) Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 39.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,665,344 shares of the company's stock after purchasing an additional 760,222 shares during the period. Goldman Sachs Group Inc. owned 1.08% of CrowdStrike worth $939,747,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jennison Associates LLC lifted its stake in shares of CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares in the last quarter. Northern Trust Corp lifted its position in CrowdStrike by 16.6% during the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after buying an additional 324,136 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in CrowdStrike by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,938,331 shares of the company's stock valued at $663,221,000 after buying an additional 206,159 shares in the last quarter. Voya Investment Management LLC grew its stake in CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after buying an additional 582,471 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of CrowdStrike by 15.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,815,895 shares of the company's stock worth $621,327,000 after acquiring an additional 245,455 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CRWD shares. Cfra restated a "hold" rating and set a $555.00 target price (up previously from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. DA Davidson boosted their price objective on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. BMO Capital Markets increased their target price on CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Roth Capital raised their target price on CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group upped their price target on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $461.17.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $451.69 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $112.58 billion, a PE ratio of -654.62 and a beta of 1.13. CrowdStrike has a 1-year low of $229.72 and a 1-year high of $517.98. The business's fifty day moving average price is $478.55 and its two-hundred day moving average price is $424.30.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. On average, research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In related news, Director Roxanne S. Austin sold 15,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the sale, the director owned 18,858 shares of the company's stock, valued at $9,385,060.86. This represents a 44.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 owned 231,130 shares of the company's stock, valued at $105,272,781.10. This represents a 4.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 214,414 shares of company stock valued at $101,484,738. Company insiders own 3.32% of the company's stock.

CrowdStrike 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.

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