Crowdstrike (NASDAQ:CRWD) Earns Sector Perform Rating from Analysts at Royal Bank of Canada

Royal Bank of Canada initiated coverage on shares of Crowdstrike (NASDAQ:CRWD) in a report issued on Monday morning, Briefing.com Automated Import reports. The brokerage issued a sector perform rating and a $70.00 price target on the stock.

Several other analysts also recently issued reports on CRWD. Jefferies Financial Group set a $150.00 price target on shares of Amedisys and gave the company a buy rating in a report on Monday. Barclays upped their price target on shares of from GBX 7,500 ($98.00) to GBX 8,100 ($105.84) and gave the company an overweight rating in a report on Monday. Goldman Sachs Group reaffirmed a hold rating and issued a $8.40 price target on shares of Deutsche Bank in a report on Monday. Piper Jaffray Companies set a $92.00 price target on shares of Wintrust Financial and gave the company a buy rating in a report on Monday. Finally, Bank of America reaffirmed a sell rating on shares of Deutsche Bank in a report on Monday. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $78.19.

Shares of NASDAQ CRWD traded down $3.46 on Monday, hitting $70.88. The company’s stock had a trading volume of 2,229,547 shares, compared to its average volume of 3,180,047. Crowdstrike has a 12-month low of $56.00 and a 12-month high of $79.79.

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

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