Crowdstrike (NASDAQ:CRWD) Price Target Raised to $85.00 at Mizuho
Crowdstrike (NASDAQ:CRWD) had its price target boosted by Mizuho from $77.00 to $85.00 in a research note published on Thursday, The Fly reports. The firm currently has a buy rating on the stock.
A number of other equities analysts have also recently weighed in on CRWD. Piper Jaffray Companies began coverage on shares of Crowdstrike in a research report on Tuesday, December 10th. They set an overweight rating and a $70.00 price objective for the company. Robert W. Baird reduced their target price on shares of Crowdstrike from $75.00 to $65.00 and set a neutral rating for the company in a research report on Monday, December 2nd. Zacks Investment Research cut shares of Crowdstrike from a buy rating to a hold rating in a research report on Wednesday, February 5th. Needham & Company LLC reiterated a buy rating and issued a $92.00 target price on shares of Crowdstrike in a research report on Monday, December 9th. Finally, Credit Suisse Group increased their target price on shares of Crowdstrike from $60.00 to $75.00 and gave the company a neutral rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company’s stock. Crowdstrike currently has an average rating of Buy and a consensus target price of $79.09.
NASDAQ:CRWD traded down $0.46 during trading hours on Thursday, reaching $64.85. 4,197,103 shares of the company were exchanged, compared to its average volume of 6,161,123. The stock’s 50-day moving average is $58.32 and its 200-day moving average is $63.38. Crowdstrike has a twelve month low of $44.58 and a twelve month high of $101.88.
In related news, Director Pincus Private Equity Warburg sold 2,422,500 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $49.70, for a total value of $120,398,250.00. Following the completion of the sale, the director now owns 2,422,500 shares of the company’s stock, valued at $120,398,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 2,344 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $53.50, for a total transaction of $125,404.00. The disclosure for this sale can be found here. Insiders sold 8,251,745 shares of company stock valued at $430,850,775 in the last three months.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Hudock Capital Group LLC purchased a new stake in shares of Crowdstrike in the third quarter valued at about $32,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Crowdstrike during the third quarter worth about $70,000. Cubist Systematic Strategies LLC purchased a new position in Crowdstrike during the second quarter worth about $103,000. Advisory Services Network LLC purchased a new position in Crowdstrike during the fourth quarter worth about $82,000. Finally, Ladenburg Thalmann Financial Services Inc. purchased a new position in Crowdstrike during the second quarter worth about $134,000. 35.41% of the stock is owned by hedge funds and other institutional investors.
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