Crowdstrike (NASDAQ:CRWD) Given New $92.00 Price Target at Needham & Company LLC

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Crowdstrike (NASDAQ:CRWD) had its target price hoisted by Needham & Company LLC from $80.00 to $92.00 in a research note released on Friday morning, 24/7 WallStreet reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on CRWD. Credit Suisse Group reissued a hold rating on shares of FactSet Research Systems in a report on Monday, July 8th. Goldman Sachs Group reissued a hold rating and set a $8.40 price objective on shares of Deutsche Bank in a report on Monday, July 8th. Royal Bank of Canada cut 3M from an outperform rating to a sector perform rating and decreased their price objective for the company from $207.00 to $176.00 in a report on Monday, July 8th. Bank of America reissued a sell rating on shares of Deutsche Bank in a report on Monday, July 8th. Finally, Mizuho began coverage on Crowdstrike in a report on Monday, July 8th. They set a buy rating and a $80.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $84.47.

NASDAQ:CRWD opened at $87.68 on Friday. Crowdstrike has a twelve month low of $56.00 and a twelve month high of $88.50.

Crowdstrike (NASDAQ:CRWD) last released its quarterly earnings results on Thursday, July 18th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.16). The business had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $95.60 million. The business’s revenue was up 103.2% on a year-over-year basis. As a group, analysts anticipate that Crowdstrike will post -1.29 EPS for the current year.

In related news, Director Sameer K. Gandhi purchased 650,000 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were acquired at an average cost of $34.00 per share, with a total value of $22,100,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Capitalg Lp purchased 140,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was bought at an average cost of $34.00 per share, for a total transaction of $4,760,000.00. The disclosure for this purchase can be found here.

A hedge fund recently bought a new stake in Crowdstrike stock. Commonwealth Equity Services LLC purchased a new position in Crowdstrike Holdings Inc (NASDAQ:CRWD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,035 shares of the company’s stock, valued at approximately $412,000. 0.05% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

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