The Goldman Sachs Group Increases CrowdStrike (NASDAQ:CRWD) Price Target to $535.00

Key Points

• The Goldman Sachs Group has raised its price target for CrowdStrike (NASDAQ:CRWD) from $492.00 to $535.00, maintaining a "buy" rating, which suggests a potential upside of 7.87%.
• CrowdStrike is showing solid financial growth, reporting a 21.4% increase in revenue year-over-year, bringing in $1.17 billion for the recent quarter.
• Despite recent positive forecasts, several analysts have issued varied ratings, with Scotiabank lowering its target to $440.00 while BMO Capital Markets increased theirs to $500.00.

CrowdStrike (NASDAQ:CRWD - Free Report) had its price target hoisted by The Goldman Sachs Group from $492.00 to $535.00 in a research report report published on Friday,MarketScreener reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Stephens increased their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Truist Financial increased their target price on shares of CrowdStrike from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday. Stifel Nicolaus increased their target price on shares of CrowdStrike from $495.00 to $515.00 and gave the company a "buy" rating in a research report on Thursday. DA Davidson increased their target price on shares of CrowdStrike from $490.00 to $515.00 and gave the company a "buy" rating in a research report on Thursday. Finally, KeyCorp increased their target price on shares of CrowdStrike from $495.00 to $510.00 and gave the company an "overweight" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $476.41.

CrowdStrike Trading Down 1.9%

Shares of CrowdStrike stock traded down $9.41 on Friday, reaching $493.14. The company had a trading volume of 3,872,883 shares, compared to its average volume of 3,994,004. The firm's 50 day moving average price is $443.28 and its two-hundred day moving average price is $431.86. The firm has a market cap of $123.76 billion, a PE ratio of -414.40, a PEG ratio of 120.33 and a beta of 1.12. CrowdStrike has a 52-week low of $272.67 and a 52-week high of $517.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $1.04 EPS. The business's revenue was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Johanna Flower sold 2,073 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total value of $983,037.33. Following the completion of the sale, the director owned 81,383 shares in the company, valued at $38,592,632.43. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Roxanne S. Austin sold 9,447 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the sale, the director owned 18,858 shares of the company's stock, valued at $9,667,553.70. This trade represents a 33.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,741 shares of company stock worth $47,456,437. 3.32% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently made changes to their positions in CRWD. Laurel Wealth Advisors LLC lifted its stake in shares of CrowdStrike by 54,635.9% in the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company's stock valued at $2,186,714,000 after purchasing an additional 4,285,640 shares during the period. Norges Bank acquired a new position in CrowdStrike during the second quarter worth about $1,638,365,000. Nuveen LLC acquired a new position in CrowdStrike during the first quarter worth about $595,766,000. Jennison Associates LLC raised its position in CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after acquiring an additional 1,084,506 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

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.