CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Short Interest Up 17.1% in September

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) 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) 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

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the transaction, the director now directly owns 821,766 shares in the company, valued at $263,277,391.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,212 shares of company stock valued at $30,529,413. 4.34% of the stock is owned by corporate insiders.

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.

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.