Short Interest in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Drops By 10.1%

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

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now owns 816,730 shares of the company’s stock, valued at $261,745,630.40. This represents a 0.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock valued at $32,465,110 in the last three months. Corporate insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. TD Cowen reduced their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Guggenheim lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. BMO Capital Markets raised their target price on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, Stifel Nicolaus dropped their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, August 9th. 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 data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $331.90.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded up $8.72 during trading hours on Tuesday, hitting $351.69. 1,900,038 shares of the company were exchanged, compared to its average volume of 4,998,225. The stock has a market capitalization of $86.21 billion, a price-to-earnings ratio of 501.32, a P/E/G ratio of 22.77 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $398.33. The business has a 50-day moving average of $299.72 and a 200-day moving average of $310.63.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. As a group, analysts expect that CrowdStrike will post 0.52 EPS for the current fiscal 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.