The Goldman Sachs Group Forecasts Strong Price Appreciation for CrowdStrike (NASDAQ:CRWD) Stock

CrowdStrike (NASDAQ:CRWD - Free Report) had its target price boosted by The Goldman Sachs Group from $389.00 to $530.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Morgan Stanley boosted their target price on shares of CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Barclays set a $500.00 target price on shares of CrowdStrike in a research report on Tuesday, June 3rd. Jefferies Financial Group boosted their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Canaccord Genuity Group reissued a "hold" rating and issued a $475.00 target price (up previously from $420.00) on shares of CrowdStrike in a research 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $453.17.

CrowdStrike Stock Performance

CRWD stock traded down $1.11 during midday trading on Tuesday, reaching $480.62. 2,608,585 shares of the company were exchanged, compared to its average volume of 5,020,514. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business has a 50-day moving average price of $428.81 and a two-hundred day moving average price of $391.91. CrowdStrike has a one year low of $200.81 and a one year high of $491.20. The firm has a market capitalization of $119.13 billion, a price-to-earnings ratio of 942.41, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. Equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the transaction, the president now owns 422,204 shares in the company, valued at $201,391,308. The trade was a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares of the company's stock, valued at $12,969,492.30. This trade represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 252,361 shares of company stock valued at $106,359,058. Corporate insiders own 3.32% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently added to or reduced their stakes in the company. Primoris Wealth Advisors LLC acquired a new stake in CrowdStrike during the 4th quarter valued at $2,166,000. OLD National Bancorp IN bought a new stake in CrowdStrike in the first quarter worth $248,000. Arcadia Investment Management Corp MI boosted its holdings in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock valued at $4,090,000 after acquiring an additional 2,814 shares during the period. Trifecta Capital Advisors LLC boosted its holdings in CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after acquiring an additional 8,561 shares during the period. Finally, Delta Financial Group Inc. bought a new stake in CrowdStrike during the fourth quarter valued at about $336,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.