Crowdstrike’s (CRWD) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Crowdstrike (NASDAQ:CRWD) in a report released on Monday, TipRanks reports. Needham & Company LLC currently has a $92.00 target price on the stock.

CRWD has been the subject of a number of other reports. Robert W. Baird reissued a hold rating and issued a $65.00 price objective (down from $75.00) on shares of Crowdstrike in a report on Monday. SunTrust Banks raised Crowdstrike from a hold rating to a buy rating and set a $80.00 target price on the stock in a research note on Wednesday, October 2nd. ValuEngine downgraded Crowdstrike from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Piper Jaffray Companies boosted their price target on Crowdstrike from $90.00 to $100.00 in a research report on Friday, September 6th. Finally, Macquarie increased their price target on Crowdstrike from $100.00 to $105.00 and gave the stock an outperform rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $79.42.

Shares of NASDAQ:CRWD opened at $55.01 on Monday. The firm has a 50-day moving average price of $51.95. Crowdstrike has a fifty-two week low of $44.58 and a fifty-two week high of $101.88.

Crowdstrike (NASDAQ:CRWD) last posted its earnings results on Thursday, September 5th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.25. The firm had revenue of $108.10 million during the quarter, compared to the consensus estimate of $103.79 million. The business’s revenue for the quarter was up 94.1% on a year-over-year basis. On average, equities analysts predict that Crowdstrike will post -1.06 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Hudock Capital Group LLC acquired a new position in Crowdstrike during the third quarter worth about $32,000. Executive Wealth Management LLC bought a new position in shares of Crowdstrike during the 2nd quarter valued at about $34,000. Neuburgh Advisers LLC bought a new position in shares of Crowdstrike during the 2nd quarter valued at about $46,000. Riverhead Capital Management LLC acquired a new position in shares of Crowdstrike in the 2nd quarter worth approximately $55,000. Finally, Glen Harbor Capital Management LLC acquired a new position in shares of Crowdstrike in the 2nd quarter worth approximately $63,000. Institutional investors and hedge funds own 32.05% of the company’s stock.

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Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

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