Crowdstrike (NASDAQ:CRWD) had its price objective decreased by analysts at Barclays from $94.00 to $75.00 in a research report issued on Wednesday, The Fly reports. Barclays‘s target price would suggest a potential upside of 36.41% from the stock’s current price.
Other analysts have also recently issued reports about the stock. Robert W. Baird lowered their target price on shares of Crowdstrike from $75.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday. DA Davidson assumed coverage on Crowdstrike in a research note on Wednesday, November 27th. They set a “neutral” rating on the stock. Citigroup initiated coverage on Crowdstrike in a report on Monday, October 14th. They set a “sell” rating and a $43.00 price objective on the stock. 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 report on Friday, September 6th. Finally, Summit Insights initiated coverage on Crowdstrike in a research note on Wednesday, August 28th. They issued a “hold” rating and a $75.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $78.42.
Shares of Crowdstrike stock traded down $2.39 during mid-day trading on Wednesday, hitting $54.98. 1,364,327 shares of the stock were exchanged, compared to its average volume of 1,719,483. Crowdstrike has a twelve month low of $44.58 and a twelve month high of $101.88. The stock has a 50-day moving average of $51.89.
Crowdstrike (NASDAQ:CRWD) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.18) earnings per share for the quarter, beating 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. Crowdstrike’s revenue was up 94.1% compared to the same quarter last year. On average, equities research analysts predict that Crowdstrike will post -1.06 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Warburg Pincus LLC acquired a new position in shares of Crowdstrike during the second quarter worth about $3,751,769,000. Vanguard Group Inc. purchased a new stake in shares of Crowdstrike during the 2nd quarter valued at about $85,696,000. Jericho Capital Asset Management L.P. raised its holdings in shares of Crowdstrike by 155.3% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 2,050,104 shares of the company’s stock valued at $119,542,000 after buying an additional 1,247,169 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in shares of Crowdstrike during the 2nd quarter valued at about $68,481,000. Finally, Whale Rock Capital Management LLC acquired a new position in Crowdstrike during the 2nd quarter worth approximately $48,300,000. Institutional investors own 32.05% of the company’s stock.
Recommended Story: How prevalent are 12b-1 fees?
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.