BOA Securities Reaffirms Hold Rating on CrowdStrike Holdings with $230 Price Target
Bank of America Securities has reaffirmed its Hold rating on CrowdStrike Holdings (CRWD) in a report released today. Analyst Tal Liani reiterated his previous stance, setting a price target of $230.00 for the stock. This recommendation is based on Liani's expertise in the Technology sector, where he covers stocks such as Cisco Systems and Arista Networks.
Liani has an impressive track record, with an average return of 9.9% and a success rate of 56.88% on recommended stocks, according to TipRanks. However, it's worth noting that not all analysts share this view, as Citi maintained a Buy rating on CrowdStrike Holdings in the same report.
CrowdStrike Holdings recently reported its quarterly earnings for the period ending April 30, with revenue reaching $1.39 billion and a net profit of $27.77 million. This marks an increase from last year's quarter, where the company earned $1.1 billion in revenue but suffered a GAAP net loss of $110.21 million.
The corporate insider activity has been bearish on CRWD, with 172 insiders selling shares over the past quarter. This trend is in contrast to earlier this year, when there was a decrease in insider sales. For example, CFO Burt W. Podbere recently sold 7,622 shares for $1,481,305.08.