Crowdstrike (NASDAQ:CRWD) had its price target reduced by Royal Bank of Canada from $83.00 to $67.00 in a report issued on Wednesday, The Fly reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 26.53% from the company’s current price.
CRWD has been the subject of several other reports. Piper Jaffray Companies raised their price target on shares of Crowdstrike from $90.00 to $100.00 in a report on Friday, September 6th. Citigroup started coverage on shares of Crowdstrike in a report on Monday, October 14th. They issued a “sell” rating and a $43.00 price target on the stock. Macquarie increased their price objective on Crowdstrike from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. ValuEngine lowered Crowdstrike from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, SunTrust Banks upgraded Crowdstrike from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. Crowdstrike currently has a consensus rating of “Buy” and an average target price of $78.42.
Shares of Crowdstrike stock opened at $52.95 on Wednesday. Crowdstrike has a 12-month low of $44.58 and a 12-month high of $101.88. The stock has a 50-day moving average price of $51.84.
Crowdstrike (NASDAQ:CRWD) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.12. The firm had revenue of $125.10 million for the quarter, compared to analysts’ expectations of $118.79 million. The firm’s quarterly revenue was up 88.4% compared to the same quarter last year. As a group, research analysts predict that Crowdstrike will post -1.06 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Executive Wealth Management LLC purchased a new position in shares of Crowdstrike in the 2nd quarter worth about $34,000. Hudock Capital Group LLC bought a new stake in Crowdstrike in the 3rd quarter worth approximately $32,000. Neuburgh Advisers LLC purchased a new stake in Crowdstrike in the second quarter worth approximately $46,000. Riverhead Capital Management LLC purchased a new stake in Crowdstrike in the second quarter worth approximately $55,000. Finally, Glen Harbor Capital Management LLC purchased a new stake in Crowdstrike in the second quarter worth approximately $63,000. 32.05% of the stock is currently owned by institutional investors and hedge funds.
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