Crowdstrike (NASDAQ:CRWD) had its price objective increased by Credit Suisse Group from $60.00 to $65.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s target price points to a potential upside of 15.72% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. Piper Sandler restated a “buy” rating and set a $70.00 price objective on shares of Crowdstrike in a research report on Friday, March 20th. ValuEngine upgraded shares of Crowdstrike from a “hold” rating to a “buy” rating in a research report on Tuesday, March 3rd. BidaskClub upgraded shares of Crowdstrike from a “sell” rating to a “hold” rating in a research report on Friday, March 20th. Barclays reiterated a “buy” rating and issued a $60.00 target price on shares of Crowdstrike in a research report on Sunday. Finally, Mizuho reiterated a “buy” rating and issued a $85.00 target price on shares of Crowdstrike in a research report on Friday, March 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have issued a buy rating to the company. Crowdstrike currently has a consensus rating of “Buy” and an average price target of $74.38.

Shares of CRWD traded up $0.39 during trading hours on Thursday, hitting $56.17. The stock had a trading volume of 41,487 shares, compared to its average volume of 5,983,794. The firm has a 50-day moving average price of $55.30 and a 200 day moving average price of $56.02. Crowdstrike has a fifty-two week low of $31.95 and a fifty-two week high of $101.88. The firm has a market capitalization of $11.78 billion and a price-to-earnings ratio of -45.30.

Crowdstrike (NASDAQ:CRWD) last posted its earnings results on Thursday, March 19th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.06. The firm had revenue of $152.10 million during the quarter, compared to analysts’ expectations of $137.80 million. Crowdstrike had a negative net margin of 29.45% and a negative return on equity of 33.49%. Crowdstrike’s quarterly revenue was up 88.9% on a year-over-year basis. As a group, research analysts expect that Crowdstrike will post -0.5 EPS for the current fiscal year.

In other Crowdstrike news, major shareholder Charles R. Kaye sold 67,750 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $49.43, for a total transaction of $3,348,882.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 2,344 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was 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. In the last ninety days, insiders sold 5,611,052 shares of company stock worth $299,341,661.

A number of hedge funds have recently added to or reduced their stakes in CRWD. Point72 Asset Management L.P. raised its holdings in Crowdstrike by 1,390.5% during the fourth quarter. Point72 Asset Management L.P. now owns 1,746,109 shares of the company’s stock worth $87,078,000 after purchasing an additional 1,628,963 shares in the last quarter. Marshall Wace North America L.P. raised its holdings in Crowdstrike by 2,058.5% during the fourth quarter. Marshall Wace North America L.P. now owns 1,458,631 shares of the company’s stock worth $72,741,000 after purchasing an additional 1,391,054 shares in the last quarter. Jericho Capital Asset Management L.P. raised its holdings in Crowdstrike by 155.3% during the third quarter. Jericho Capital Asset Management L.P. now owns 2,050,104 shares of the company’s stock worth $119,542,000 after purchasing an additional 1,247,169 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of Crowdstrike by 2,550.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 927,712 shares of the company’s stock worth $46,265,000 after acquiring an additional 892,712 shares during the last quarter. Finally, Fred Alger Management LLC purchased a new position in shares of Crowdstrike during the fourth quarter worth approximately $41,431,000. 39.92% of the stock is currently owned by institutional investors.

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Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

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