CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Short Interest Update

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 8,040,000 shares, a decrease of 10.1% from the October 15th total of 8,940,000 shares. Based on an average trading volume of 4,120,000 shares, the short-interest ratio is currently 2.0 days.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The trade was a 4.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the sale, the insider now directly owns 124,298 shares of the company’s stock, valued at $38,455,315.24. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock worth $32,465,110 in the last three months. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike in the second quarter worth about $25,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike during the 3rd quarter worth approximately $28,000. Tsfg LLC boosted its stake in CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Family Firm Inc. bought a new stake in shares of CrowdStrike in the second quarter valued at about $30,000. Finally, Castleview Partners LLC acquired a new position in CrowdStrike during the 3rd quarter worth approximately $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent analyst reports. Barclays boosted their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a report on Monday. Wedbush set a $330.00 target price on shares of CrowdStrike in a report on Thursday, October 17th. KeyCorp lifted 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. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, BTIG Research downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $331.90.

CrowdStrike Stock 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 traded hands, 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. The company’s fifty day moving average is $299.72 and its two-hundred day moving average is $310.63. The stock has a market cap of $86.63 billion, a PE ratio of 501.32, a price-to-earnings-growth ratio of 22.77 and a beta of 1.10. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $398.33.

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

CrowdStrike Company Profile

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.