JPMorgan Chase & Co. Increases Crowdstrike (NASDAQ:CRWD) Price Target to $104.00

Crowdstrike (NASDAQ:CRWD) had its price target increased by JPMorgan Chase & Co. from $100.00 to $104.00 in a report issued on Friday, The Fly reports.

Several other research analysts have also issued reports on CRWD. Barclays increased their price target on shares of from $65.00 to $100.00 and gave the stock an overweight rating in a research note on Friday. JMP Securities assumed coverage on shares of Fiverr International in a research note on Monday, July 8th. They issued an outperform rating and a $33.00 price target for the company. UBS Group raised their price objective on shares of Crowdstrike from $90.00 to $100.00 and gave the company an outperform rating in a research note on Friday. They noted that the move was a valuation call. Oppenheimer set a $176.00 price objective on shares of Jazz Pharmaceuticals and gave the company a buy rating in a research note on Monday, July 8th. Finally, Royal Bank of Canada lowered shares of 3M from an outperform rating to a sector perform rating and reduced their price objective for the company from $207.00 to $176.00 in a research note on Monday, July 8th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Crowdstrike currently has an average rating of Buy and an average target price of $84.47.

Shares of Crowdstrike stock opened at $83.52 on Friday. Crowdstrike has a 1 year low of $56.00 and a 1 year high of $85.85.

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

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

An institutional investor recently bought a new position in Crowdstrike stock. Commonwealth Equity Services LLC purchased a new stake in shares of Crowdstrike Holdings Inc (NASDAQ:CRWD) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,035 shares of the company’s stock, valued at approximately $412,000.

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