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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) saw a large increase in short interest in the month of 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 trading volume of 7,470,000 shares, the short-interest ratio is currently 1.4 days.

CrowdStrike Trading Up 1.3 %

CRWD stock traded up $3.93 during trading on Wednesday, hitting $306.24. The company had a trading volume of 2,885,949 shares, compared to its average volume of 5,223,423. The stock has a market cap of $74.53 billion, a PE ratio of 574.53, a PEG ratio of 19.94 and a beta of 1.10. CrowdStrike has a one year low of $170.17 and a one year high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average of $271.96 and a 200-day moving average of $308.43.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the business posted $0.06 EPS. The business’s revenue was up 31.7% compared to the same quarter last year. Research analysts predict that CrowdStrike will post 0.53 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the completion of the transaction, the insider now directly owns 124,298 shares in the company, valued at $38,455,315.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,212 shares of company stock valued at $30,529,413 in the last quarter. Company insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently modified their holdings of the business. Burney Co. acquired a new position in shares of CrowdStrike during the 1st quarter valued at $1,342,000. Doliver Advisors LP grew its holdings in CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,664 shares during the period. HWG Holdings LP bought a new stake in CrowdStrike in the second quarter valued at $2,955,000. Principal Financial Group Inc. raised its holdings in shares of CrowdStrike by 429.2% during the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after purchasing an additional 242,052 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of CrowdStrike by 24.3% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock worth $3,855,000 after purchasing an additional 1,966 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CRWD has been the subject of a number of analyst reports. KeyCorp lifted their price target on shares of CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Oppenheimer cut their target price on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Truist Financial restated a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a research report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.