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

Crowdstrike (NASDAQ:CRWD)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a report issued on Monday, AnalystRatings.com reports. They presently have a $92.00 target price on the stock. Needham & Company LLC’s price objective points to a potential upside of 84.09% from the stock’s current price.

A number of other research firms have also recently commented on CRWD. JPMorgan Chase & Co. upped their price target on Crowdstrike from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Piper Jaffray Companies lifted their price objective on Crowdstrike from $90.00 to $100.00 in a research note on Friday, September 6th. Credit Suisse Group boosted their price objective on Crowdstrike from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Friday. Macquarie increased their target price on Crowdstrike from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Finally, Nomura raised their target price on Crowdstrike from $65.00 to $71.00 and gave the company a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $77.37.

Shares of CRWD stock traded down $0.91 during trading hours on Monday, hitting $49.98. The company had a trading volume of 7,069,744 shares, compared to its average volume of 2,223,268. The business’s fifty day moving average is $51.80. 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 quarterly earnings data on Thursday, December 5th. The company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.12. The company 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% on a year-over-year basis. Analysts forecast that Crowdstrike will post -1.06 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Hudock Capital Group LLC purchased a new position in shares of Crowdstrike during the 3rd quarter worth $32,000. Executive Wealth Management LLC acquired a new stake in shares of Crowdstrike during the second quarter worth $34,000. Neuburgh Advisers LLC purchased a new stake in shares of Crowdstrike in the second quarter valued at $46,000. Riverhead Capital Management LLC purchased a new stake in shares of Crowdstrike in the second quarter valued at $55,000. Finally, Glen Harbor Capital Management LLC purchased a new stake in shares of Crowdstrike in the second quarter valued at $63,000. Institutional investors own 32.05% of the company’s stock.

See Also: What is a resistance level?

Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

Receive News & Ratings for Crowdstrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crowdstrike and related companies with MarketBeat.com's FREE daily email newsletter.