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

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

Insider Transactions at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 11,178 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.47, for a total value of $3,325,119.66. Following the sale, the chief financial officer now owns 286,472 shares in the company, valued at approximately $85,216,825.84. This represents a 3.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock worth $32,465,110 over the last three months. 4.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike in the second quarter valued at approximately $25,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike in the 3rd quarter valued at $28,000. Tsfg LLC lifted its stake in shares of CrowdStrike by 593.3% during 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. Family Firm Inc. bought a new position in CrowdStrike in the second quarter valued at about $30,000. Finally, Castleview Partners LLC acquired a new stake in CrowdStrike in the third quarter worth about $32,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $8.56 during mid-day trading on Tuesday, hitting $351.53. The company had a trading volume of 1,913,158 shares, compared to its average volume of 4,998,443. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $86.17 billion, a P/E ratio of 501.32, a PEG ratio of 22.77 and a beta of 1.10. The business’s 50-day simple moving average is $299.72 and its 200-day simple moving average is $310.63.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period last year, the firm earned $0.06 EPS. As a group, analysts predict that CrowdStrike will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and lifted their price target for the company from $302.00 to $339.00 in a research note on Friday, August 30th. Truist Financial increased their price target on shares of CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets raised their target price on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. CICC Research started coverage on CrowdStrike in a research note on Monday. They issued a “market perform” rating and a $295.00 price target on the stock. Finally, Wells Fargo & Company lowered their target price on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.90.

About CrowdStrike

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.