CrowdStrike Holdings, Inc. (NASDAQ: CRWD) saw a marked decline in short-term interest in January. Pr. On January 29, there was brief interest in a total of 10,620,000 shares, a decrease of 31.0% from January 14, a total of 15,390,000 shares. Based on an average daily trading volume of 4,530,000 shares, the ratio between days and coverage is currently 2.3 days.
Shares of NASDAQ: CRWD traded $ 7.30 up mid-day Monday and reached $ 242.10. The stock had a trading volume of 187,067 shares compared to its average volume of 3,721,555. The company’s 50-day moving average price is $ 219.31, and its 200-day moving average price is $ 158.31. CrowdStrike has a lowest year of $ 31.95 and a year-high of $ 245.42. The company has a market capitalization of $ 53.57 billion, a P / E ratio of -504.36 and a beta of 1.32.
CrowdStrike (NASDAQ: CRWD) last announced its earnings results on Wednesday, December 2nd. The company reported $ 0.08 EPS for the quarter, beating analysts’ consensus estimates ($ 0.15) by $ 0.23. CrowdStrike had a negative return on equity of 12.79% and a negative net margin of 13.40%. The company had revenue of $ 232.50 million for the quarter compared to analysts’ expectations of $ 214.36 million. In the same quarter last year, the company posted ($ 0.07) earnings per share. Shares. The company’s quarterly revenue increased 85.9% on an annualized basis. As a group, stock analysts expect CrowdStrike to send -0.37 EPS for the current year.
In related news, CEO George Kurtz sold 12,475 shares of the company’s shares in a transaction dated Thursday, November 19th. The shares were sold at an average price of $ 143.75 for a total transaction of $ 1,793,281.25. The transaction was revealed in a document filed with the SEC, which is available at this hyperlink. CAO Abhishek Maheshwari also sold 3,126 shares of the company’s shares in a transaction dated Monday, December 21st. The stock was sold at an average price of $ 202.01 for a total transaction of $ 631,483.26. The information on this sale can be found here. Insiders sold 1,198,423 shares of the company’s shares worth $ 223,722,895 in the last quarter. 11.32% of the share is owned by the company’s insiders.
Several hedge funds have recently changed their holdings of the company. BlackRock Inc. lifted its holding in CrowdStrike by 22.3% during the fourth quarter. BlackRock Inc. now owns 11,177,166 shares of the company’s stock worth $ 2,367,547,000 following the purchase of an additional 2,040,216 shares during the period. Jennison Associates LLC increased its stake in CrowdStrike by 9.3% in the fourth quarter. Jennison Associates LLC now owns 6,710,828 shares of the company’s share worth $ 1,421,488,000 following the purchase of an additional 569,769 shares during the period. State Street Corp raised its stake in CrowdStrike by 41.1% in Q3. State Street Corp now owns 2,834,562 shares of the company’s share worth $ 389,242,000 after acquiring an additional 825,093 shares during the period. First Trust Advisors LP raised its stake in CrowdStrike by 12.9% in the third quarter. First Trust Advisors LP now owns 2,013,711 shares in the company’s stock worth $ 276,523,000 after acquiring an additional 230,491 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in CrowdStrike shares by 45.6% in Q4. Bank of New York Mellon Corp now owns 1,465,324 shares of the company’s share worth $ 310,384,000 after acquiring an additional 459,212 shares during the period. Institutional investors and hedge funds own 60.00% of the company’s shares.
CRWD has been the subject of several research reports. Piper Sandler raised their price target on CrowdStrike shares from $ 180.00 to $ 240.00, giving the stock an “overweight” rating in a research note on Tuesday, January 5th. Robert W. Baird raised their target price of shares in CrowdStrike from $ 155.00 to $ 185.00 and gave the stock a “better performance” in a research note on Thursday, December 3rd. Credit Suisse Group raised their target price on shares in CrowdStrike from $ 150.00 to $ 225.00 and gave the stock a “neutral” rating in a research note on Friday, January 15th. Zacks Investment Research downgraded shares in CrowdStrike from a “buy” rating to a “hold” rating and set a $ 221.00 target price on the stock. in a research note on Tuesday, December 22nd. Finally, Jefferies Financial Group upgraded CrowdStrike shares from a “hold” rating to a “buy” rating and raised their target price for the stock from $ 160.00 to $ 275.00 in a research note on Monday, January 11th. Four stock analysts have rated the stock with a hold rating, and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $ 198.46.
CrowdStrike Holdings, Inc. provides cloud-delivered solutions for next-generation endpoint protection in the US, Australia, Germany, India, Romania and the UK. It offers 11 cloud modules on its Falcon platform through software such as a service subscription-based model that covers various security markets, such as endpoint security, security and IT operations, and threat alerting to provide comprehensive infringement protection even against today’s most sophisticated attacks.
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