CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Sees Significant Increase in Short Interest

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 10,090,000 shares, a growth 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 short-interest ratio is presently 1.4 days.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $3.93 during mid-day trading on Wednesday, reaching $306.24. 2,885,949 shares of the company were exchanged, compared to its average volume of 5,223,423. The stock has a market capitalization of $74.53 billion, a P/E ratio of 577.81, a P/E/G ratio of 19.94 and a beta of 1.10. 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 company’s 50-day simple moving average is $273.47 and its 200-day simple moving average is $308.41. CrowdStrike has a twelve month low of $170.17 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (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 analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. As a group, research analysts predict that CrowdStrike will post 0.53 earnings per share for the current year.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on 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 owns 179,091 shares in the company, valued at $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,212 shares of company stock worth $30,529,413. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike in the second quarter valued at about $25,000. Tsfg LLC grew its position in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares in the last quarter. Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth approximately $30,000. Family Firm Inc. bought a new position in shares of CrowdStrike during the second quarter worth approximately $30,000. Finally, Northwest Bank & Trust Co acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $32,000. Institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CRWD. KeyCorp upped their price objective on CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Piper Sandler reissued an “overweight” rating and set a $290.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Citigroup cut their target price on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $330.00 price target on shares of CrowdStrike in a research note on Monday, September 30th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $325.44.

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.