Are Analysts Bearish Crossroads Systems Inc (NASDAQ:CRDS) After Last Week?

Out of 1 analysts covering Crossroads Systems (NASDAQ:CRDS), 1 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Crossroads Systems was the topic in 5 analyst reports since September 2, 2015 according to StockzIntelligence Inc. Below is a list of Crossroads Systems Inc (NASDAQ:CRDS) latest ratings and price target changes.

15/12/2015 Broker: Roth Capital Rating: Buy Old Target: $3.00 New Target: $2.00 Maintain
15/12/2015 Broker: TH Capital Rating: Buy Old Target: $3 New Target: $2 Maintain

The stock decreased 4.76% or $0.01 on April 1, hitting $0.2. Crossroads Systems Inc (NASDAQ:CRDS) has declined 80.39% since August 26, 2015 and is downtrending. It has underperformed by 87.21% the S&P500.

Crossroads Systems, Inc. is a global well-known provider of data archive solutions. The company has a market cap of $4.67 million. The Firm develops products that address specific information technology challenges, such as storing and protecting business-critical data. It currently has negative earnings. The Company’s solutions solve data management problems involving storage, protection, and archiving.

The institutional sentiment increased to 4 in 2015 Q3. Its up 3.55, from 0.45 in 2015Q2. The ratio is positive, as 1 funds sold all Crossroads Systems Inc shares owned while 2 reduced positions. 3 funds bought stakes while 9 increased positions. They now own 7.99 million shares or 187.31% more from 2.78 million shares in 2015Q2.

Kokino Llc holds 5.94% of its portfolio in Crossroads Systems Inc for 1.32 million shares. Diker Management Llc owns 1.02 million shares or 0.29% of their US portfolio. Moreover, Thompson Davis & Co. Inc. has 0.26% invested in the company for 144,381 shares. The Washington-based Freestone Capital Holdings Llc has invested 0.09% in the stock. Highlander Capital Management Llc, a New Jersey-based fund reported 47,000 shares.

Since April 14, 2015, the stock had 6 insider purchases, and 1 insider sale for $85,311 net activity. Eberwein Jeffrey E. bought 15,000 shares worth $21,018. Bianchi Brian Joseph sold 9,000 shares worth $12,152.

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