CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 10,090,000 shares, an increase of 17.1% from the September 15th total of 8,620,000 shares. Based on an average daily volume of 7,470,000 shares, the days-to-cover ratio is currently 1.4 days.
CrowdStrike Stock Performance
CrowdStrike stock traded up $3.93 during mid-day trading on Wednesday, reaching $306.24. The company had a trading volume of 2,885,949 shares, compared to its average volume of 5,223,423. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market cap of $74.53 billion, a price-to-earnings ratio of 577.81, a PEG ratio of 19.94 and a beta of 1.10. The company has a 50 day moving average of $273.47 and a 200-day moving average of $308.41. CrowdStrike has a 52 week low of $170.17 and a 52 week high of $398.33.
CrowdStrike (NASDAQ:CRWD – Get Free Report) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share. On average, sell-side analysts expect that CrowdStrike will post 0.53 EPS for the current fiscal year.
Insider Buying and Selling at CrowdStrike
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike in the 2nd quarter valued at $25,000. Tsfg LLC increased its stake in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike in the first quarter worth about $30,000. Family Firm Inc. bought a new position in CrowdStrike during the second quarter worth about $30,000. Finally, Northwest Bank & Trust Co bought a new position in CrowdStrike during the fourth quarter worth about $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CRWD has been the subject of several research analyst reports. Barclays upped their price target on shares of CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Needham & Company LLC initiated coverage on CrowdStrike in a research report on Monday, September 23rd. They issued a “buy” rating and a $360.00 target price for the company. Evercore ISI dropped their price target on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Robert W. Baird reduced their price objective on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Redburn Atlantic cut CrowdStrike from a “neutral” rating to a “sell” rating and lowered their target price for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $325.44.
Read Our Latest Stock Analysis on CrowdStrike
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.
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