Crowdstrike (NASDAQ:CRWD) Announces Earnings Results

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Crowdstrike (NASDAQ:CRWD) released its quarterly earnings results on Thursday. The company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.25, Briefing.com reports. The business had revenue of $108.10 million for the quarter, compared to the consensus estimate of $103.79 million. The firm’s revenue for the quarter was up 94.1% on a year-over-year basis.

Shares of NASDAQ:CRWD opened at $75.98 on Friday. Crowdstrike has a 52-week low of $56.00 and a 52-week high of $101.88. The stock has a 50 day moving average price of $89.26.

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

A number of research analysts have commented on CRWD shares. JPMorgan Chase & Co. upped their price target on Crowdstrike from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Friday. Jefferies Financial Group upped their target price on Crowdstrike from $71.00 to $80.00 in a report on Friday, July 19th. SunTrust Banks upped their target price on Crowdstrike to $80.00 and gave the company a “hold” rating in a report on Friday, July 19th. Goldman Sachs Group started coverage on Crowdstrike in a report on Monday, July 8th. They set a “neutral” rating and a $66.00 target price for the company. Finally, JMP Securities began coverage on Crowdstrike in a report on Monday, July 8th. They set an “outperform” rating and a $80.00 target price for the company. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $87.44.

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