Crowdstrike (NASDAQ:CRWD) Downgraded to Sell at Goldman Sachs Group

Goldman Sachs Group downgraded shares of Crowdstrike (NASDAQ:CRWD) from a neutral rating to a sell rating in a report released on Friday, BenzingaRatingsTable reports. Goldman Sachs Group currently has $66.00 price objective on the stock, down from their prior price objective of $83.00.

A number of other analysts have also commented on CRWD. UBS Group lifted their price target on Crowdstrike from $90.00 to $100.00 and gave the company an outperform rating in a research note on Friday, July 19th. They noted that the move was a valuation call. Stifel Nicolaus lifted their price target on Crowdstrike from $80.00 to $90.00 and gave the company a buy rating in a research note on Friday, July 19th. Needham & Company LLC lifted their price target on Crowdstrike from $80.00 to $92.00 and gave the company a buy rating in a research note on Friday, July 19th. Macquarie lifted their price target on Crowdstrike from $100.00 to $105.00 and gave the company an outperform rating in a research note on Friday, September 6th. Finally, Bank of America reissued a buy rating and set a $103.00 price target (up from $89.00) on shares of Crowdstrike in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $84.60.

NASDAQ:CRWD opened at $54.52 on Friday. The company has a 50-day simple moving average of $69.03. Crowdstrike has a twelve month low of $51.61 and a twelve month high of $101.88.

Crowdstrike (NASDAQ:CRWD) last released its quarterly earnings data on Thursday, September 5th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.25. The business had revenue of $108.10 million during the quarter, compared to analyst estimates of $103.79 million. The firm’s revenue was up 94.1% compared to the same quarter last year. Equities analysts predict that Crowdstrike will post -1.06 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of CRWD. Executive Wealth Management LLC acquired a new position in shares of Crowdstrike in the second quarter worth approximately $34,000. Neuburgh Advisers LLC acquired a new position in shares of Crowdstrike in the second quarter worth approximately $46,000. Riverhead Capital Management LLC acquired a new position in shares of Crowdstrike in the second quarter worth approximately $55,000. Glen Harbor Capital Management LLC acquired a new position in shares of Crowdstrike in the second quarter worth approximately $63,000. Finally, Elkfork Partners LLC acquired a new position in shares of Crowdstrike in the second quarter worth approximately $80,000.

Featured Article: What is the Coverage Ratio?

Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

Receive News & Ratings for Crowdstrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crowdstrike and related companies with MarketBeat.com's FREE daily email newsletter.