Crowdstrike’s (NASDAQ:CRWD) lock-up period is set to expire on Monday, December 9th. Crowdstrike had issued 18,000,000 shares in its public offering on June 12th. The total size of the offering was $612,000,000 based on an initial share price of $34.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.
A number of equities analysts have issued reports on CRWD shares. DA Davidson initiated coverage on Crowdstrike in a research note on Wednesday, November 27th. They set a “neutral” rating for the company. SunTrust Banks raised Crowdstrike from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Wednesday, October 2nd. Barclays increased their price objective on Crowdstrike from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday. Needham & Company LLC restated a “buy” rating and issued a $92.00 target price on shares of Crowdstrike in a report on Monday, December 2nd. Finally, Goldman Sachs Group raised Crowdstrike from a “sell” rating to a “neutral” rating and cut their target price for the company from $66.00 to $55.00 in a research report on Tuesday, November 12th. One 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. The stock presently has an average rating of “Buy” and a consensus target price of $77.10.
Crowdstrike stock opened at $50.89 on Friday. Crowdstrike has a 52 week low of $44.58 and a 52 week high of $101.88. The business’s 50 day moving average price is $51.80.
Institutional investors have recently modified their holdings of the stock. Hudock Capital Group LLC purchased a new position in Crowdstrike in the third quarter worth $32,000. Executive Wealth Management LLC purchased a new position in shares of Crowdstrike in the 2nd quarter worth about $34,000. Neuburgh Advisers LLC purchased a new position in shares of Crowdstrike in the 2nd quarter worth about $46,000. Riverhead Capital Management LLC purchased a new position in shares of Crowdstrike in the 2nd quarter worth about $55,000. Finally, Glen Harbor Capital Management LLC bought a new position in Crowdstrike during the second quarter valued at about $63,000. Institutional investors and hedge funds own 32.05% of the company’s stock.
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