CrowdStrike Holdings (CRWD) Gets a Buy Rating from RBC Capital

In a report released yesterday, Matthew Hedberg from RBC Capital maintained a Buy rating on CrowdStrike Holdings (CRWD), with a price target of $73.00. The company’s shares closed last Thursday at $55.00.

According to, Hedberg is a top 100 analyst with an average return of 16.6% and a 65.2% success rate. Hedberg covers the Technology sector, focusing on stocks such as Ping Identity Holding, Altair Engineering, and Netscout Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CrowdStrike Holdings with a $69.60 average price target, a 27.7% upside from current levels. In a report issued on March 27, BTIG also initiated coverage with a Buy rating on the stock with a $67.00 price target.

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Based on CrowdStrike Holdings’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $152 million and GAAP net loss of $28.41 million. In comparison, last year the company earned revenue of $80.46 million and had a GAAP net loss of $31.26 million.

Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRWD in relation to earlier this year.

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CrowdStrike Holdings, Inc. operates as a holding company. It provides cloud-delivered solution for next-generation endpoint protection that offers cloud modules on its Falcon platform through SaaS subscription-based model. The company was founded by George P. Kurtz and Dmitri Alperovitch on November 7, 2011 and is headquartered in Sunnyvale, CA.

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