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Benzinga
Benzinga
Business
Adam Eckert

CrowdStrike Stock Moves Lower As Analyst Warns Near-Term Upside Could Be Limited

CrowdStrike Piper Sandler Rob Owens CrowdStrike Holdings Inc CRWD Cybersecurity
CrowdStrikeKirkland,,Washington, - ,Usa,-,December,10,2019:,"crowdstrike",Sign

Shares of cloud-based cybersecurity firm CrowdStrike Holdings Inc (NASDAQ:CRWD) are trading lower Monday following a downgrade from Piper Sandler.

What Happened: Piper Sandler analyst Rob Owens downgraded CrowdStrike from Overweight to Neutral and maintained a price target of $505, raising valuation concerns.

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