Crowdstrike (NASDAQ:CRWD) PT Raised to $85.00

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Crowdstrike (NASDAQ:CRWD) had its price target boosted by Mizuho from $77.00 to $85.00 in a report issued on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Mizuho’s price target would suggest a potential upside of 31.07% from the stock’s current price.

CRWD has been the subject of a number of other reports. DA Davidson raised shares of Crowdstrike from a “neutral” rating to a “buy” rating and boosted their target price for the company from $58.00 to $75.00 in a research note on Tuesday. Bank of America reduced their target price on shares of Crowdstrike from $103.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, December 6th. Zacks Investment Research lowered shares of Crowdstrike from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Nomura boosted their target price on shares of Crowdstrike from $65.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Robert W. Baird reduced their target price on shares of Crowdstrike from $75.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.09.

Crowdstrike stock opened at $64.85 on Thursday. The firm has a 50-day moving average price of $58.32 and a two-hundred day moving average price of $63.38. Crowdstrike has a 52-week low of $44.58 and a 52-week high of $101.88.

Crowdstrike (NASDAQ:CRWD) last posted its earnings results on Thursday, December 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.12. The firm had revenue of $125.10 million for the quarter, compared to analyst estimates of $118.79 million. Crowdstrike’s revenue for the quarter was up 88.4% on a year-over-year basis. Equities analysts forecast that Crowdstrike will post -1.03 EPS for the current fiscal year.

In other news, Director Pincus Private Equity Warburg sold 4,845,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $53.00, for a total value of $256,785,000.00. Following the completion of the sale, the director now directly owns 4,845,000 shares of the company’s stock, valued at approximately $256,785,000. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 215,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $49.79, for a total transaction of $10,704,850.00. Following the completion of the sale, the chief financial officer now directly owns 215,000 shares of the company’s stock, valued at $10,704,850. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,251,745 shares of company stock valued at $430,850,775.

Large investors have recently modified their holdings of the company. Hudock Capital Group LLC acquired a new stake in Crowdstrike during the third quarter valued at approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Crowdstrike during the third quarter valued at approximately $70,000. Cubist Systematic Strategies LLC acquired a new stake in Crowdstrike during the second quarter valued at approximately $103,000. Advisory Services Network LLC acquired a new stake in Crowdstrike during the fourth quarter valued at approximately $82,000. Finally, Ladenburg Thalmann Financial Services Inc. acquired a new stake in Crowdstrike during the second quarter valued at approximately $134,000. 35.41% of the stock is owned by institutional investors.

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The Fly

Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

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