Crowdstrike (NASDAQ:CRWD) had its price objective lifted by Mizuho from $77.00 to $85.00 in a research report report published on Thursday morning, The Fly reports. Mizuho currently has a buy rating on the stock.
A number of other research firms have also weighed in on CRWD. Zacks Investment Research lowered shares of Crowdstrike from a buy rating to a hold rating in a research report on Wednesday, February 5th. Barclays lifted their price objective on shares of Crowdstrike from $75.00 to $77.00 and gave the company an overweight rating in a research report on Friday, December 6th. Piper Jaffray Companies started coverage on shares of Crowdstrike in a research report on Tuesday, December 10th. They issued an overweight rating and a $70.00 price objective on the stock. Nomura lifted their price objective on shares of Crowdstrike from $65.00 to $71.00 and gave the company a buy rating in a research report on Monday, December 9th. Finally, DA Davidson upgraded shares of Crowdstrike from a neutral rating to a buy rating and lifted their price objective for the company from $58.00 to $75.00 in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. Crowdstrike currently has a consensus rating of Buy and an average target price of $79.09.
NASDAQ:CRWD traded down $0.46 during midday trading on Thursday, reaching $64.85. The stock had a trading volume of 4,197,103 shares, compared to its average volume of 6,161,123. The firm has a fifty day simple moving average of $58.32 and a two-hundred day simple moving average of $63.38. Crowdstrike has a 12-month low of $44.58 and a 12-month high of $101.88.
Crowdstrike (NASDAQ:CRWD) last posted its quarterly earnings data on Thursday, December 5th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.12. The firm had revenue of $125.10 million during the quarter, compared to analysts’ expectations of $118.79 million. The company’s revenue for the quarter was up 88.4% on a year-over-year basis. As a group, analysts expect that Crowdstrike will post -1.03 earnings per share for the current fiscal year.
In other news, CFO Burt W. Podbere sold 215,000 shares of Crowdstrike stock in a transaction on Monday, December 9th. The stock was sold at an average price of $49.79, for a total transaction of $10,704,850.00. Following the completion of the transaction, the chief financial officer now owns 215,000 shares of the company’s stock, valued at approximately $10,704,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 60,000 shares of Crowdstrike stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $65.41, for a total value of $3,924,600.00. Following the transaction, the chief financial officer now directly owns 67,698 shares of the company’s stock, valued at approximately $4,428,126.18. The disclosure for this sale can be found here. Insiders have sold a total of 8,251,745 shares of company stock valued at $430,850,775 in the last ninety days.
Large investors have recently added to or reduced their stakes in the company. Hudock Capital Group LLC acquired a new position in shares of Crowdstrike during the 3rd quarter worth $32,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Crowdstrike in the 3rd quarter valued at about $70,000. Cubist Systematic Strategies LLC acquired a new position in Crowdstrike in the 2nd quarter valued at about $103,000. Advisory Services Network LLC acquired a new position in Crowdstrike in the 4th quarter valued at about $82,000. Finally, Ladenburg Thalmann Financial Services Inc. acquired a new position in Crowdstrike in the 2nd quarter valued at about $134,000. 35.41% of the stock is owned by institutional investors and hedge funds.
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