CrowdStrike (NASDAQ:CRWD) Given New $415.00 Price Target at The Goldman Sachs Group

CrowdStrike (NASDAQ:CRWD) had its price target boosted by analysts at The Goldman Sachs Group from $372.00 to $415.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 13.45% from the company’s current price.

CRWD has been the subject of several other reports. Canaccord Genuity Group reissued a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. Wedbush set a $330.00 price objective on CrowdStrike in a research note on Thursday, October 17th. Bank of America lifted their target price on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Citigroup upped their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, CICC Research began coverage on shares of CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $364.25.

CrowdStrike Price Performance

Shares of CRWD stock opened at $365.79 on Tuesday. The stock has a 50 day moving average price of $339.18 and a 200 day moving average price of $315.67. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $398.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market capitalization of $90.10 billion, a P/E ratio of 717.25, a P/E/G ratio of 19.48 and a beta of 1.11.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the sale, the insider now directly owns 124,298 shares of the company’s stock, valued at $38,455,315.24. This represents a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total value of $2,183,375.00. Following the completion of the transaction, the director now owns 809,266 shares of the company’s stock, valued at approximately $282,708,984.44. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,036 shares of company stock valued at $20,523,497 in the last 90 days. 4.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the second quarter valued at $25,000. Itau Unibanco Holding S.A. purchased a new position in CrowdStrike in the 2nd quarter valued at about $33,000. Fairfield Financial Advisors LTD acquired a new stake in CrowdStrike in the 2nd quarter worth about $38,000. Strategic Investment Solutions Inc. IL purchased a new stake in CrowdStrike during the 2nd quarter worth approximately $38,000. Finally, Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

About CrowdStrike

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.