Crowdstrike (NASDAQ:CRWD) had its target price trimmed by Jefferies Financial Group from $67.00 to $61.00 in a report released on Friday, The Fly reports. The firm currently has a hold rating on the stock.
Other research analysts have also recently issued reports about the company. Robert W. Baird lowered their price objective on Crowdstrike from $75.00 to $65.00 and set a neutral rating on the stock in a research report on Monday, December 2nd. Barclays cut their price objective on Crowdstrike from $94.00 to $75.00 in a research note on Wednesday, December 4th. Goldman Sachs Group raised shares of Crowdstrike from a sell rating to a neutral rating and reduced their target price for the stock from $66.00 to $55.00 in a report on Tuesday, November 12th. Piper Jaffray Companies raised their target price on shares of Crowdstrike from $90.00 to $100.00 in a research note on Friday, September 6th. Finally, Nomura started coverage on shares of Crowdstrike in a report on Wednesday, October 23rd. They set a buy rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $77.10.
Shares of Crowdstrike stock opened at $50.89 on Friday. The business has a fifty day moving average of $51.80. Crowdstrike has a one year low of $44.58 and a one year high of $101.88.
Crowdstrike (NASDAQ:CRWD) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.12. The company had revenue of $125.10 million for the quarter, compared to the consensus estimate of $118.79 million. Crowdstrike’s revenue was up 88.4% compared to the same quarter last year. On average, analysts anticipate that Crowdstrike will post -1.06 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the business. Hudock Capital Group LLC purchased a new stake in Crowdstrike during the 3rd quarter valued at approximately $32,000. Executive Wealth Management LLC bought a new stake in shares of Crowdstrike during the second quarter valued at approximately $34,000. Neuburgh Advisers LLC bought a new stake in shares of Crowdstrike during the second quarter valued at approximately $46,000. Riverhead Capital Management LLC purchased a new position in shares of Crowdstrike in the second quarter worth $55,000. Finally, Glen Harbor Capital Management LLC purchased a new position in shares of Crowdstrike in the second quarter worth $63,000. Institutional investors and hedge funds own 32.05% of the company’s stock.
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