Crowdstrike’s (NASDAQ:CRWD) quiet period is set to end on Monday, July 22nd. Crowdstrike had issued 18,000,000 shares in its public offering on June 12th. The total size of the offering was $612,000,000 based on an initial share price of $34.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
CRWD has been the subject of several research reports. SunTrust Banks increased their price target on Crowdstrike to $80.00 and gave the stock a “hold” rating in a research note on Friday. Stifel Nicolaus reiterated a “buy” rating and set a $2,300.00 price target on shares of Amazon.com in a research note on Friday. Oppenheimer set a $176.00 price target on Jazz Pharmaceuticals and gave the stock a “buy” rating in a research note on Monday, July 8th. Goldman Sachs Group reiterated a “hold” rating and set a $8.40 price target on shares of Deutsche Bank in a research note on Monday, July 8th. Finally, CIBC initiated coverage on Fiverr International in a research note on Monday, July 8th. They set an “outperform” rating for the company. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $84.47.
Shares of NASDAQ CRWD opened at $83.52 on Monday. Crowdstrike has a 52 week low of $56.00 and a 52 week high of $85.85.
Crowdstrike (NASDAQ:CRWD) last issued its earnings results on Thursday, July 18th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.16). The business had revenue of $96.10 million during the quarter, compared to analyst estimates of $95.60 million. The firm’s quarterly revenue was up 103.2% on a year-over-year basis. As a group, equities research analysts anticipate that Crowdstrike will post -1.29 EPS for the current fiscal year.
In related news, major shareholder Capitalg Lp bought 140,000 shares of the business’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 $4,760,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi bought 650,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was bought at an average price of $34.00 per share, with a total value of $22,100,000.00. The disclosure for this purchase can be found here.
An institutional investor recently bought a new position in Crowdstrike stock. Commonwealth Equity Services LLC bought a new position in Crowdstrike Holdings Inc (NASDAQ:CRWD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,035 shares of the company’s stock, valued at approximately $412,000.
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