Goldman Sachs Group upgraded shares of Crowdstrike (NASDAQ:CRWD) from a sell rating to a neutral rating in a research report released on Tuesday morning, Briefing.com Automated Import reports. The brokerage currently has $55.00 price target on the stock, down from their prior price target of $66.00.
Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Crowdstrike from $104.00 to $109.00 and gave the company an overweight rating in a research note on Friday, September 6th. Citigroup began coverage on Crowdstrike in a research note on Monday, October 14th. They set a sell rating and a $43.00 price objective for the company. Piper Jaffray Companies lifted their price objective on Crowdstrike from $90.00 to $100.00 in a research note on Friday, September 6th. Nomura began coverage on Crowdstrike in a research note on Wednesday, October 23rd. They set a buy rating and a $65.00 price target for the company. Finally, Bank of America reaffirmed a buy rating and set a $103.00 price target (up previously from $89.00) on shares of Crowdstrike in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $83.14.
Shares of NASDAQ:CRWD traded up $7.02 during trading hours on Tuesday, reaching $59.75. The stock had a trading volume of 4,021,400 shares, compared to its average volume of 2,072,308. Crowdstrike has a 1 year low of $44.58 and a 1 year high of $101.88. The business’s 50 day moving average is $53.36.
Crowdstrike (NASDAQ:CRWD) last released its quarterly earnings data on Thursday, September 5th. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.25. The firm had revenue of $108.10 million during the quarter, compared to analyst estimates of $103.79 million. The business’s quarterly revenue was up 94.1% compared to the same quarter last year. As a group, research analysts expect that Crowdstrike will post -1.06 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Executive Wealth Management LLC bought a new stake in shares of Crowdstrike in the 2nd quarter worth approximately $34,000. Hudock Capital Group LLC bought a new position in shares of Crowdstrike during the 3rd quarter valued at $32,000. Neuburgh Advisers LLC bought a new position in shares of Crowdstrike during the 2nd quarter valued at $46,000. Riverhead Capital Management LLC bought a new position in shares of Crowdstrike during the 2nd quarter valued at $55,000. Finally, Glen Harbor Capital Management LLC bought a new position in shares of Crowdstrike during the 2nd quarter valued at $63,000.
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