What's Going On With CrowdStrike Stock Wednesday?

CrowdStrike 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 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 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.

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CRWD Price Action: CrowdStrike stock is trading .93% lower at $383.17 as of Wednesday morning per data from Benzinga Pro.

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