Crowdstrike (NASDAQ:CRWD) had its price objective lifted by Piper Jaffray Companies from $90.00 to $100.00 in a research note issued to investors on Friday, September 6th, The Fly reports.
A number of other research firms also recently commented on CRWD. Needham & Company LLC increased their target price on Crowdstrike from $80.00 to $92.00 and gave the company a buy rating in a research report on Friday, July 19th. Royal Bank of Canada initiated coverage on Crowdstrike in a report on Monday, July 8th. They issued a sector perform rating and a $70.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Crowdstrike from $104.00 to $109.00 and gave the company an overweight rating in a research report on Friday, September 6th. Stifel Nicolaus lifted their price target on Crowdstrike from $80.00 to $90.00 and gave the company a buy rating in a research report on Friday, July 19th. Finally, Barclays lifted their price target on Crowdstrike from $80.00 to $94.00 and gave the company an overweight rating in a research report on Friday, July 19th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $87.44.
CRWD stock opened at $64.86 on Friday. The business’s 50 day simple moving average is $87.46. Crowdstrike has a one year low of $56.00 and a one year high of $101.88.
Crowdstrike (NASDAQ:CRWD) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($0.18) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.25. The business had revenue of $108.10 million during the quarter, compared to the consensus estimate of $103.79 million. The business’s revenue for the quarter was up 94.1% on a year-over-year basis. As a group, sell-side analysts predict that Crowdstrike will post -1.06 EPS for the current fiscal year.Hedge funds have recently bought and sold shares of the company. Executive Wealth Management LLC acquired a new stake in shares of Crowdstrike during the second quarter worth $34,000. Neuburgh Advisers LLC acquired a new stake in shares of Crowdstrike during the second quarter worth $46,000. Riverhead Capital Management LLC acquired a new position in Crowdstrike in the second quarter valued at $55,000. Glen Harbor Capital Management LLC acquired a new position in Crowdstrike in the second quarter valued at $63,000. Finally, Elkfork Partners LLC acquired a new position in Crowdstrike in the second quarter valued at $80,000. Institutional investors and hedge funds own 2.54% of the company’s stock.
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