CIBC Begins Coverage on Crowdstrike (NASDAQ:CRWD)

CIBC assumed coverage on shares of Crowdstrike (NASDAQ:CRWD) in a research note released on Monday, FirstToMarketsRatingsTable reports. The firm issued an outperform rating and a $90.00 price objective on the stock.

Several other research firms have also issued reports on CRWD. Royal Bank of Canada lowered 3M from an outperform rating to a sector perform rating and reduced their price target for the stock from $207.00 to $176.00 in a research report on Monday. Mizuho started coverage on Crowdstrike in a research report on Monday. They set a buy rating and a $80.00 price target on the stock. Stifel Nicolaus started coverage on AAR in a research report on Monday. They set a buy rating and a $50.00 price target on the stock. Credit Suisse Group restated a hold rating on shares of FactSet Research Systems in a research report on Monday. Finally, JMP Securities started coverage on Fiverr International in a research report on Monday. They set an outperform rating and a $33.00 price target on the stock. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Crowdstrike currently has a consensus rating of Buy and an average target price of $78.19.

CRWD opened at $70.88 on Monday. Crowdstrike has a 1 year low of $56.00 and a 1 year high of $79.79.

In other Crowdstrike news, Director Sameer K. Gandhi acquired 650,000 shares of the company’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 $22,100,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Capitalg Lp acquired 140,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was acquired at an average price of $34.00 per share, with a total value of $4,760,000.00. The disclosure for this purchase can be found here.

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Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

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