Crowdstrike (NASDAQ:CRWD) Given Buy Rating at JMP Securities

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JMP Securities reissued their buy rating on shares of Crowdstrike (NASDAQ:CRWD) in a report issued on Thursday, TipRanks reports. The firm currently has a $90.00 price objective on the stock.

CRWD has been the topic of a number of other research reports. Robert W. Baird decreased their target price on shares of Crowdstrike from $75.00 to $65.00 and set a neutral rating on the stock in a research report on Monday, December 2nd. Goldman Sachs Group upgraded shares of Crowdstrike from a sell rating to a neutral rating and decreased their target price for the stock from $66.00 to $55.00 in a research report on Tuesday, November 12th. Credit Suisse Group increased their target price on shares of Crowdstrike from $60.00 to $75.00 and gave the stock a neutral rating in a research report on Friday, December 6th. Barclays increased their target price on shares of Crowdstrike from $75.00 to $77.00 and gave the stock an overweight rating in a research report on Friday, December 6th. Finally, Zacks Investment Research lowered shares of Crowdstrike from a buy rating to a hold rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. Crowdstrike presently has a consensus rating of Buy and a consensus price target of $79.52.

Shares of CRWD opened at $60.93 on Thursday. Crowdstrike has a 52 week low of $44.58 and a 52 week high of $101.88. The firm’s 50-day simple moving average is $60.49 and its 200 day simple moving average is $62.48.

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

In other news, CFO Burt W. Podbere sold 215,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were 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 owns 215,000 shares of the company’s stock, valued at approximately $10,704,850. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 stock was sold at an average price of $53.00, for a total transaction of $256,785,000.00. Following the sale, the director now directly owns 4,845,000 shares of the company’s stock, valued at approximately $256,785,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,251,745 shares of company stock valued at $430,850,775.

Several institutional investors have recently modified their holdings of the company. Palisade Capital Management LLC NJ lifted its holdings in shares of Crowdstrike by 5.6% during the 4th quarter. Palisade Capital Management LLC NJ now owns 4,700 shares of the company’s stock worth $234,000 after acquiring an additional 250 shares during the period. Victory Capital Management Inc. lifted its stake in Crowdstrike by 3.4% in the 4th quarter. Victory Capital Management Inc. now owns 9,310 shares of the company’s stock valued at $464,000 after purchasing an additional 308 shares during the last quarter. Hudock Capital Group LLC bought a new position in Crowdstrike in the 3rd quarter valued at approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Crowdstrike by 76.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,116 shares of the company’s stock valued at $106,000 after purchasing an additional 916 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Crowdstrike in the 4th quarter valued at approximately $82,000. 40.24% of the stock is owned by institutional investors.

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Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

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