Crowdstrike (NASDAQ:CRWD) Earns Neutral Rating from Analysts at Credit Suisse Group

Credit Suisse Group started coverage on shares of Crowdstrike (NASDAQ:CRWD) in a research note published on Monday morning, Benzinga reports. The brokerage issued a neutral rating and a $70.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of M.D.C. from an underweight rating to a neutral rating in a research report on Monday. Royal Bank of Canada cut shares of 3M from an outperform rating to a sector perform rating and decreased their price objective for the stock from $207.00 to $176.00 in a research report on Monday. JMP Securities initiated coverage on shares of Fiverr International in a research report on Monday. They set an outperform rating and a $33.00 price objective for the company. Jefferies Financial Group set a $150.00 price objective on shares of Amedisys and gave the stock a buy rating in a research report on Monday. Finally, Macquarie initiated coverage on shares of Crowdstrike in a research report on Monday. They set an outperform rating and a $75.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and eleven 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 $78.19.

Shares of Crowdstrike stock traded down $3.46 during trading on Monday, hitting $70.88. 2,229,547 shares of the stock were exchanged, compared to its average volume of 3,180,047. Crowdstrike has a 12-month low of $56.00 and a 12-month high of $79.79.

In related news, major shareholder Capitalg Lp purchased 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 purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sameer K. Gandhi purchased 650,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were bought 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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Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

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