CrowdStrike (NASDAQ:CRWD) stock is trending as of Wednesday morning. The company announced it passed $1 billion in total sales over the course of its partnership with CDW Corporation (NASDAQ:CDW).
What To Know: CrowdStrike works with CDW to provide CrowdStrike's technology to businesses in different sectors as well as government organizations.
"From our early days, CDW has led with CrowdStrike, bringing our cutting-edge technology to a multitude of organizations. We're thrilled to achieve such significant success with our long-standing partner CDW, and we look forward to furthering our commitment to stopping breaches together," said chief business officer at CrowdStrike Daniel Bernard.
In addition, CrowdStrike joined the S&P 500 index on Monday. The cybersecurity company replaced Comerica (NYSE:CMA) in the index.
Analyst Changes: Lastly, several analyst have made price target adjustments in the last week.
- On Tuesday, Guggenheim analyst John Difucci reiterated CrowdStrike Holdings with a Buy and maintained $424 price target.
- On Friday, Cantor Fitzgerald analyst Yi Fu Lee reiterated CrowdStrike Holdings with a Overweight and maintained $400 price target.
The consensus price target for the company is currently $378.35, according to data from Benzinga Pro.
Related Link: Dell Technologies Unusual Options Activity
CRWD Price Action: CrowdStrike stock is trading .93% lower at $383.17 as of Wednesday morning per data from Benzinga Pro.
Image: Photo via Shuttershock