DA Davidson Begins Coverage on Crowdstrike (NASDAQ:CRWD)

DA Davidson began coverage on shares of Crowdstrike (NASDAQ:CRWD) in a research note issued to investors on Monday, The Fly reports. The firm issued a neutral rating on the stock.

CRWD has been the topic of a number of other reports. Nomura initiated coverage on Crowdstrike in a research report on Wednesday, October 23rd. They set a buy rating and a $65.00 target price on the stock. Summit Insights initiated coverage on Crowdstrike in a research report on Wednesday, August 28th. They set a hold rating and a $75.00 target price on the stock. Citigroup initiated coverage on Crowdstrike in a research report on Monday, October 14th. They set a sell rating and a $43.00 target price on the stock. SunTrust Banks raised Crowdstrike from a hold rating to a buy rating and set a $80.00 target price on the stock in a research report on Wednesday, October 2nd. Finally, Goldman Sachs Group raised Crowdstrike from a sell rating to a neutral rating and dropped their target price for the stock from $66.00 to $55.00 in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. Crowdstrike currently has an average rating of Buy and a consensus price target of $83.14.

NASDAQ:CRWD traded down $1.07 during mid-day trading on Monday, hitting $56.00. The company had a trading volume of 1,597,551 shares, compared to its average volume of 2,779,571. The business has a fifty day simple moving average of $53.59. Crowdstrike has a 1 year low of $44.58 and a 1 year high of $101.88.

Crowdstrike (NASDAQ:CRWD) last released its quarterly earnings data on Thursday, September 5th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.25. The company had revenue of $108.10 million during the quarter, compared to analysts’ expectations of $103.79 million. Crowdstrike’s revenue was up 94.1% compared to the same quarter last year. On average, research analysts predict that Crowdstrike will post -1.06 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. First Trust Advisors LP grew its stake in Crowdstrike by 6.8% in the third quarter. First Trust Advisors LP now owns 103,271 shares of the company’s stock worth $6,022,000 after purchasing an additional 6,620 shares in the last quarter. Hudock Capital Group LLC acquired a new position in Crowdstrike in the third quarter worth about $32,000. Oppenheimer & Co. Inc. acquired a new position in Crowdstrike in the third quarter worth about $243,000. California Public Employees Retirement System acquired a new position in Crowdstrike in the third quarter worth about $2,256,000. Finally, Kovack Advisors Inc. acquired a new position in Crowdstrike in the third quarter worth about $842,000.

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Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

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