DA Davidson upgraded shares of Crowdstrike (NASDAQ:CRWD) from a neutral rating to a buy rating in a report published on Tuesday morning, BenzingaRatingsTable reports. The firm currently has $75.00 price objective on the stock, up from their prior price objective of $58.00.
A number of other equities analysts have also weighed in on the stock. Royal Bank of Canada dropped their price target on shares of Crowdstrike from $83.00 to $67.00 and set a sector perform rating for the company in a research report on Wednesday, December 4th. Citigroup began coverage on shares of Crowdstrike in a research report on Monday, October 14th. They set a sell rating and a $43.00 target price for the company. Zacks Investment Research lowered shares of Crowdstrike from a buy rating to a hold rating in a research report on Wednesday, February 5th. Needham & Company LLC restated a buy rating and set a $92.00 target price on shares of Crowdstrike in a research report on Monday, December 9th. Finally, Piper Jaffray Companies began coverage on shares of Crowdstrike in a research report on Tuesday, December 10th. They set an overweight rating and a $70.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. Crowdstrike presently has a consensus rating of Buy and an average target price of $79.09.
CRWD opened at $64.85 on Tuesday. Crowdstrike has a 1-year low of $44.58 and a 1-year high of $101.88. The company has a 50 day simple moving average of $58.32 and a two-hundred day simple moving average of $63.38.
Crowdstrike (NASDAQ:CRWD) last posted its quarterly earnings results on Thursday, December 5th. The company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.12. The firm had revenue of $125.10 million during the quarter, compared to the consensus estimate of $118.79 million. The company’s quarterly revenue was up 88.4% compared to the same quarter last year. Equities research analysts anticipate that Crowdstrike will post -1.03 earnings per share for the current fiscal year.
In other Crowdstrike news, Director Gerhard Watzinger sold 100,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $48.87, for a total transaction of $4,887,000.00. Following the completion of the transaction, the director now owns 100,000 shares in the company, valued at $4,887,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Charles R. Kaye sold 67,750 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $49.43, for a total transaction of $3,348,882.50. The disclosure for this sale can be found here. Insiders have sold 8,251,745 shares of company stock valued at $430,850,775 in the last quarter.
A number of hedge funds have recently added to or reduced their stakes in CRWD. Point72 Asset Management L.P. lifted its position in Crowdstrike by 1,390.5% during the fourth quarter. Point72 Asset Management L.P. now owns 1,746,109 shares of the company’s stock valued at $87,078,000 after purchasing an additional 1,628,963 shares during the last quarter. Marshall Wace North America L.P. lifted its position in Crowdstrike by 2,058.5% during the fourth quarter. Marshall Wace North America L.P. now owns 1,458,631 shares of the company’s stock valued at $72,741,000 after purchasing an additional 1,391,054 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its position in Crowdstrike by 155.3% during the third quarter. Jericho Capital Asset Management L.P. now owns 2,050,104 shares of the company’s stock valued at $119,542,000 after purchasing an additional 1,247,169 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in Crowdstrike by 2,550.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 927,712 shares of the company’s stock valued at $46,265,000 after purchasing an additional 892,712 shares during the last quarter. Finally, Fred Alger Management LLC bought a new position in Crowdstrike during the fourth quarter valued at $41,431,000. Institutional investors and hedge funds own 35.41% of the company’s stock.
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