CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Sees Significant Decrease in Short Interest

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 8,040,000 shares, a drop of 10.1% from the October 15th total of 8,940,000 shares. Based on an average daily volume of 4,120,000 shares, the days-to-cover ratio is presently 2.0 days.

Analysts Set New Price Targets

CRWD has been the topic of several research analyst reports. KeyCorp increased their price objective on shares of CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. The Goldman Sachs Group cut their price objective on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Susquehanna reaffirmed a “positive” rating and issued a $310.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. UBS Group dropped their price target on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $331.90.

CrowdStrike Trading Up 3.0 %

Shares of NASDAQ:CRWD traded up $10.45 during mid-day trading on Tuesday, reaching $353.42. 2,100,521 shares of the company’s stock were exchanged, compared to its average volume of 4,999,279. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $398.33. The firm has a market capitalization of $86.63 billion, a price-to-earnings ratio of 501.32, a PEG ratio of 22.77 and a beta of 1.10. The business’s fifty day moving average price is $299.72 and its 200-day moving average price is $310.63.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. On average, research analysts predict that CrowdStrike will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,776 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the sale, the president now owns 400,390 shares in the company, valued at $119,027,939.20. This represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock worth $32,465,110 over the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Institutional investors have recently added to or reduced their stakes in the stock. Second Line Capital LLC boosted its stake in shares of CrowdStrike by 28.4% in the 3rd quarter. Second Line Capital LLC now owns 972 shares of the company’s stock valued at $273,000 after purchasing an additional 215 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in CrowdStrike by 72.0% during the third quarter. Rehmann Capital Advisory Group now owns 2,162 shares of the company’s stock valued at $607,000 after acquiring an additional 905 shares during the last quarter. Fortem Financial Group LLC grew its holdings in CrowdStrike by 62.7% during the 3rd quarter. Fortem Financial Group LLC now owns 1,627 shares of the company’s stock worth $456,000 after acquiring an additional 627 shares during the period. Sunbelt Securities Inc. raised its position in shares of CrowdStrike by 42.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,814 shares of the company’s stock worth $509,000 after acquiring an additional 540 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in shares of CrowdStrike by 11.4% in the 3rd quarter. Toronto Dominion Bank now owns 88,836 shares of the company’s stock valued at $24,916,000 after purchasing an additional 9,114 shares during the period. 71.16% of the stock is currently owned by institutional investors.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.