Crowdstrike Holdings Inc (NASDAQ:CRWD) Receives Average Rating of “Buy” from Brokerages

Crowdstrike Holdings Inc (NASDAQ:CRWD) has been given a consensus rating of “Buy” by the seventeen research firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $84.47.

CRWD has been the topic of a number of analyst reports. Bank of America initiated coverage on shares of Crowdstrike in a research report on Monday, July 8th. They issued a “buy” rating and a $75.00 price target on the stock. Goldman Sachs Group started coverage on Crowdstrike in a report on Monday, July 8th. They issued a “neutral” rating and a $66.00 price target on the stock. JMP Securities started coverage on Crowdstrike in a report on Monday, July 8th. They issued an “outperform” rating and a $80.00 price target on the stock. SunTrust Banks raised their price target on Crowdstrike to $80.00 and gave the company a “hold” rating in a report on Friday, July 19th. Finally, Royal Bank of Canada started coverage on Crowdstrike in a report on Monday, July 8th. They issued a “sector perform” rating and a $70.00 price target on the stock.

Shares of CRWD stock traded down $1.02 during mid-day trading on Friday, reaching $84.22. The company’s stock had a trading volume of 972,071 shares, compared to its average volume of 3,036,102. Crowdstrike has a 1-year low of $56.00 and a 1-year high of $96.19. The firm’s 50-day moving average is $76.72.

Crowdstrike (NASDAQ:CRWD) last posted its earnings results on Thursday, July 18th. The company reported ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.16). The firm had revenue of $96.10 million for the quarter, compared to analyst estimates of $95.60 million. The business’s revenue for the quarter was up 103.2% on a year-over-year basis. On average, research analysts forecast that Crowdstrike will post -1.07 EPS for the current year.

In related news, Director Sameer K. Gandhi purchased 650,000 shares of Crowdstrike stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average cost of $34.00 per share, for a total transaction of $22,100,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Capitalg Lp purchased 140,000 shares of Crowdstrike stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average price of $34.00 per share, for a total transaction of $4,760,000.00. The disclosure for this purchase can be found here.

Hedge funds have recently modified their holdings of the company. Executive Wealth Management LLC purchased a new position in Crowdstrike during the second quarter valued at $34,000. Granite Point Capital Management L.P. bought a new position in shares of Crowdstrike in the second quarter worth about $205,000. Envestnet Asset Management Inc. bought a new position in shares of Crowdstrike in the second quarter worth about $239,000. FNY Investment Advisers LLC bought a new position in shares of Crowdstrike in the second quarter worth about $302,000. Finally, Janus Henderson Group PLC bought a new position in shares of Crowdstrike in the second quarter worth about $308,000. Hedge funds and other institutional investors own 0.13% of the company’s stock.

Crowdstrike Company Profile

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Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

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