BidaskClub lowered shares of Crowdstrike (NASDAQ:CRWD) from a strong-buy rating to a buy rating in a research report released on Saturday morning, BidAskClub reports.

A number of other brokerages also recently commented on CRWD. Barclays increased their price objective on shares of Crowdstrike from $114.00 to $130.00 and gave the company an overweight rating in a research report on Monday, August 31st. Credit Suisse Group increased their price objective on shares of Crowdstrike from $80.00 to $125.00 and gave the company a neutral rating in a research report on Thursday, September 3rd. ValuEngine downgraded shares of Crowdstrike from a buy rating to a hold rating in a research report on Tuesday, June 9th. UBS Group assumed coverage on shares of Crowdstrike in a research report on Friday, August 14th. They issued a buy rating and a $120.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of Crowdstrike from $120.00 to $160.00 in a research report on Thursday, September 3rd. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $130.17.

Shares of CRWD stock opened at $131.45 on Friday. The firm’s 50 day moving average price is $114.90 and its 200-day moving average price is $87.12. Crowdstrike has a one year low of $31.95 and a one year high of $153.10.

Crowdstrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. Crowdstrike had a negative net margin of 17.27% and a negative return on equity of 14.99%. The firm had revenue of $198.97 million for the quarter, compared to analyst estimates of $188.56 million. During the same period in the prior year, the business posted ($0.18) EPS. The business’s revenue for the quarter was up 84.0% compared to the same quarter last year. Equities analysts expect that Crowdstrike will post -0.52 earnings per share for the current year.

In other news, insider Michael J. Carpenter sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $131.59, for a total value of $3,947,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph P. Landy sold 50,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $100.35, for a total transaction of $5,017,500.00. Following the completion of the sale, the director now owns 293,007 shares of the company’s stock, valued at approximately $29,403,252.45. The disclosure for this sale can be found here. Insiders sold a total of 8,707,867 shares of company stock valued at $916,696,661 in the last 90 days. Company insiders own 11.32% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Crowdstrike by 518.0% in the 2nd quarter. Vanguard Group Inc. now owns 11,256,037 shares of the company’s stock worth $1,128,867,000 after acquiring an additional 9,434,623 shares during the period. Jennison Associates LLC increased its holdings in shares of Crowdstrike by 271.6% in the 2nd quarter. Jennison Associates LLC now owns 8,695,485 shares of the company’s stock valued at $872,070,000 after purchasing an additional 6,355,765 shares in the last quarter. Coatue Management LLC increased its holdings in shares of Crowdstrike by 39.4% in the 2nd quarter. Coatue Management LLC now owns 4,430,076 shares of the company’s stock valued at $444,292,000 after purchasing an additional 1,251,420 shares in the last quarter. Matrix Capital Management Company LP purchased a new position in shares of Crowdstrike in the 1st quarter valued at about $135,581,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Crowdstrike by 2.9% in the 1st quarter. JPMorgan Chase & Co. now owns 2,311,039 shares of the company’s stock valued at $128,680,000 after purchasing an additional 66,026 shares in the last quarter. Institutional investors own 66.06% of the company’s stock.

Crowdstrike Company Profile

CrowdStrike Holdings Inc provides cloud-delivered endpoint protection. Leveraging artificial intelligence, the CrowdStrike Falcon(R) platform protects customers against cyberattacks on endpoints on or off the network. CrowdStrike Holdings Inc is based in SUNNYVALE, Calif.

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Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

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