Crowdstrike (NASDAQ:CRWD) Coverage Initiated at SunTrust Banks

SunTrust Banks initiated coverage on shares of Crowdstrike (NASDAQ:CRWD) in a research note released on Monday morning, BenzingaRatingsTable reports. The firm issued a hold rating and a $69.00 price target on the stock.

A number of other research firms also recently issued reports on CRWD. Stifel Nicolaus began coverage on shares of AAR in a research report on Monday. They issued a buy rating and a $50.00 price target on the stock. Credit Suisse Group restated a hold rating on shares of FactSet Research Systems in a research report on Monday. Macquarie began coverage on shares of Crowdstrike in a research report on Monday. They issued an outperform rating and a $75.00 price target on the stock. Jefferies Financial Group set a $150.00 price target on shares of Amedisys and gave the stock a buy rating in a research report on Monday. Finally, Bank of America restated a sell rating on shares of Deutsche Bank in a research report on Monday. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $78.19.

Crowdstrike stock opened at $70.88 on Monday. Crowdstrike has a 1 year low of $56.00 and a 1 year high of $79.79.

In other news, major shareholder Capitalg Lp acquired 140,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were purchased at an average cost of $34.00 per share, for a total transaction of $4,760,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi acquired 650,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average price 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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