CIBC Begins Coverage on Crowdstrike (NASDAQ:CRWD)

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CIBC assumed coverage on shares of Crowdstrike (NASDAQ:CRWD) in a research note issued to investors on Monday morning, FirstToMarketsRatingsTable reports. The brokerage issued an outperform rating and a $90.00 target price on the stock.

Several other brokerages have also recently issued reports on CRWD. Macquarie initiated coverage on Crowdstrike in a report on Monday. They issued an outperform rating and a $75.00 target price on the stock. Barclays boosted their price objective on from GBX 7,500 ($98.00) to GBX 8,100 ($105.84) and gave the stock an overweight rating in a research note on Monday. JMP Securities initiated coverage on Fiverr International in a research note on Monday. They set an outperform rating and a $33.00 price objective on the stock. Goldman Sachs Group reissued a hold rating and set a $8.40 price objective on shares of Deutsche Bank in a research note on Monday. Finally, Stifel Nicolaus initiated coverage on AAR in a research note on Monday. They set a buy rating and a $50.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Crowdstrike presently has a consensus rating of Buy and an average target price of $78.19.

Shares of CRWD stock opened at $70.88 on Monday. Crowdstrike has a 12-month low of $56.00 and a 12-month high of $79.79.

In other Crowdstrike news, major shareholder Capitalg Lp bought 140,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were purchased at an average price of $34.00 per share, with a total value of $4,760,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi bought 650,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were acquired at an average cost of $34.00 per share, for a total transaction of $22,100,000.00. The disclosure for this purchase can be found here.

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