Crowdstrike (NASDAQ:CRWD) had its price target cut by research analysts at Barclays from $94.00 to $75.00 in a note issued to investors on Wednesday, The Fly reports. Barclays‘s price objective suggests a potential upside of 36.41% from the company’s current price.
Other equities analysts have also issued research reports about the company. Nomura assumed coverage on Crowdstrike in a report on Wednesday, October 23rd. They set a “buy” rating and a $65.00 price target for the company. DA Davidson initiated coverage on shares of Crowdstrike in a research note on Wednesday, November 27th. They issued a “neutral” rating on the stock. Summit Insights began coverage on shares of Crowdstrike in a research report on Wednesday, August 28th. They set a “hold” rating and a $75.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Crowdstrike from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, ValuEngine downgraded shares of Crowdstrike from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. Crowdstrike has a consensus rating of “Buy” and a consensus target price of $78.42.
NASDAQ:CRWD traded down $2.39 during mid-day trading on Wednesday, hitting $54.98. The company had a trading volume of 1,364,327 shares, compared to its average volume of 1,719,483. The company has a fifty day moving average price of $51.89. Crowdstrike has a fifty-two week low of $44.58 and a fifty-two week high of $101.88.
Crowdstrike (NASDAQ:CRWD) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.25. The company had revenue of $108.10 million for the quarter, compared to the consensus estimate of $103.79 million. Crowdstrike’s revenue for the quarter was up 94.1% compared to the same quarter last year. As a group, sell-side analysts expect that Crowdstrike will post -1.06 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of CRWD. Executive Wealth Management LLC acquired a new stake in Crowdstrike in the 2nd quarter valued at $34,000. Hudock Capital Group LLC acquired a new position in Crowdstrike during the third quarter worth $32,000. Neuburgh Advisers LLC bought a new position in shares of Crowdstrike in the second quarter valued at $46,000. Riverhead Capital Management LLC bought a new position in shares of Crowdstrike in the second quarter valued at $55,000. Finally, Glen Harbor Capital Management LLC acquired a new position in shares of Crowdstrike during the second quarter valued at about $63,000. 32.05% of the stock is owned by hedge funds and other institutional investors.
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