CrowdStrike Holdings (CRWD) Receives a Hold from Credit Suisse


Credit Suisse analyst Brad Zelnick maintained a Hold rating on CrowdStrike Holdings (CRWD) today and set a price target of $60.00. The company’s shares closed last Monday at $54.71.

According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 11.7% and a 63.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Zoom Video Communications, and Ceridian HCM Holding.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CrowdStrike Holdings with a $70.69 average price target, which is a 28.7% upside from current levels. In a report issued on March 11, Jefferies also maintained a Hold rating on the stock with a $52.00 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 83 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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