On Thursday, CrowdStrike stock rose 8.1% and closed at $41.74. Based on the last closing price, the company has a market capitalization of $8.9 billion.
Peloton (PTON) shares rose close to 10% on Friday to close trading at $35.5 per share. The stock gained 21% in the last week that ended on November 29.
CrowdStrike (CRWD) fell 9.5% today to close at $54.52. Analyst Walter Pritchard initiated coverage on CRWD with a “sell” rating and a target price of $43.
Fitness startup Peloton Interactive has fallen 8% since it was publicly listed at $29 per share. At the time of writing, it was trading at $26.67 per share.
Reports indicate that WeWork is looking to cut its valuation by over 50% to ease its upcoming IPO. WeWork was privately valued at $47 billion in January.
CRWD managed to grow its sales by 100.0% year-over-year in fiscal 2019. Its sales doubled to $250.0 million, while its net loss increased to $140.1 million.
Cybersecurity company CrowdStrike went public on June 12. The company issued 18 million shares priced at $34, thereby raising $612 million in the public offering.
Since 2009, Slack (WORK) has raised $1.4 billion from investors through two seed and eight venture rounds. The company boasts a legendary investor lineup, which includes Softbank, General Atlantic, and Andreessen Horowitz. Accel is Slack’s biggest investor with a 23.8% stake followed by Andreessen Horowitz, which holds 13% in the company.
CrowdStrike (CRWD) had a monumental opening as a publicly listed company. It reported sales of $250.0 million in fiscal 2019, a rise of 100.0% year-over-year.
CrowdStrike is a cybersecurity company that focuses on delivering endpoint protection solutions. The company issued 18 million shares at $34 per share and raised $612 million in its IPO.
