Crowdstrike (NASDAQ:CRWD) Given Buy Rating at Bank of America

Bank of America reissued their buy rating on shares of Crowdstrike (NASDAQ:CRWD) in a report released on Tuesday, BenzingaRatingsTable reports. The brokerage currently has a $103.00 price target on the stock, up from their previous price target of $89.00.

Several other brokerages have also recently commented on CRWD. Barclays upped their target price on Crowdstrike from $80.00 to $94.00 and gave the company an overweight rating in a report on Friday, July 19th. JPMorgan Chase & Co. upped their target price on Crowdstrike from $100.00 to $104.00 in a report on Friday, July 19th. SunTrust Banks upped their target price on Crowdstrike to $80.00 and gave the company a hold rating in a report on Friday, July 19th. Mizuho initiated coverage on Crowdstrike in a report on Monday, July 8th. They issued a buy rating and a $80.00 target price on the stock. Finally, Piper Jaffray Companies initiated coverage on Crowdstrike in a report on Monday, July 8th. They issued an overweight rating and a $75.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Crowdstrike currently has an average rating of Buy and an average price target of $86.12.

Shares of CRWD stock opened at $96.05 on Tuesday. The firm has a 50 day moving average of $81.47. Crowdstrike has a one year low of $56.00 and a one year high of $100.50.

Crowdstrike (NASDAQ:CRWD) last announced its earnings results on Thursday, July 18th. The company reported ($0.47) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.16). The company had revenue of $96.10 million during the quarter, compared to analyst estimates of $95.60 million. The company’s revenue was up 103.2% compared to the same quarter last year. On average, equities analysts predict that Crowdstrike will post -1.07 EPS for the current fiscal year.

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

Several institutional investors have recently bought and sold shares of the business. Warburg Pincus LLC bought a new position in shares of Crowdstrike during the 2nd quarter worth approximately $3,751,769,000. Vanguard Group Inc. bought a new position in shares of Crowdstrike during the 2nd quarter worth approximately $85,696,000. Price T Rowe Associates Inc. MD bought a new position in shares of Crowdstrike during the 2nd quarter worth approximately $68,481,000. Whale Rock Capital Management LLC bought a new position in shares of Crowdstrike during the 2nd quarter worth approximately $48,300,000. Finally, General Atlantic LLC acquired a new position in shares of Crowdstrike during the second quarter worth approximately $44,389,000. Hedge funds and other institutional investors own 0.29% of the company’s stock.

Featured Story: Why do company’s buyback their stock?

Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

Receive News & Ratings for Crowdstrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crowdstrike and related companies with MarketBeat.com's FREE daily email newsletter.