Healthy Upside Potential: CrowdStrike Holdings Inc. (CRWD)

CrowdStrike Holdings Inc. (NASDAQ: CRWD) stock jumped 0.18% on Tuesday to $135.80 against a previous-day closing price of $135.56. With 3.85 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.56 million shares. The 52-week range on CRWD shows that it touched its highest point at $253.33 and its lowest point at $120.50 during that stretch. It currently has a 1-year price target of $237.43. Beta for the stock currently stands at 1.17.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRWD was down-trending over the past week, with a drop of -8.43%, but this was down by -14.03% over a month. Three-month performance dropped to -30.22% while six-month performance fell -2.91%. The stock lost -43.33% in the past year, while it has lost -33.68% so far this year. A look at the trailing 12-month EPS for CRWD yields -0.75 with Next year EPS estimates of 1.87. For the next quarter, that number is 0.31. This implies an EPS growth rate of -143.00% for this year and 41.47% for next year. EPS is expected to grow by 73.75% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -13.40%.

Float and Shares Shorts:

At present, 232.55 million CRWD shares are outstanding with a float of 211.94 million shares on hand for trading. On Oct 13, 2022, short shares totaled 9.41 million, which was 4.03% higher than short shares on Sep 14, 2022. In addition to Mr. George R. Kurtz as the firm’s Co-Founder, CEO, Pres & Director, Mr. Burt W. Podbere serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 76.97% of CRWD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 40.56% of CRWD, in contrast to 32.86% held by mutual funds. Shares owned by individuals account for 2.21%. As the largest shareholder in CRWD with 5.96% of the stake, The Vanguard Group, Inc. holds 12,793,773 shares worth 12,793,773. A second-largest stockholder of CRWD, Jennison Associates LLC, holds 9,695,501 shares, controlling over 4.51% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in CRWD, holding 8,676,702 shares or 4.04% stake. With a 2.83% stake in CRWD, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 6,086,403 shares are owned by the mutual fund manager. The Invesco QQQ Trust, which owns about 1.45% of CRWD stock, is the second-largest Mutual Fund holder. It holds 3,110,628 shares valued at 501.43 million. Vanguard Extended Market Index Fu holds 1.36% of the stake in CRWD, owning 2,922,018 shares worth 471.03 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRWD since 38 analysts follow the stock currently. There are 32 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 4 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CRWD analysts setting a high price target of $275.00 and a low target of $180.00, the average target price over the next 12 months is $231.63. Based on these targets, CRWD could surge 102.5% to reach the target high and rise by 32.55% to reach the target low. Reaching the average price target will result in a growth of 70.57% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CRWD will report FY 2023 earnings on 03/09/2023. Analysts have provided yearly estimates in a range of $1.52 being high and $1.28 being low. For CRWD, this leads to a yearly average estimate of $1.33. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. CrowdStrike Holdings Inc. surprised analysts by $0.08 when it reported $0.36 EPS against a consensus estimate of $0.28. The surprise factor in the prior quarter was $0.08. Based on analyst estimates, the high estimate for the next quarter is $0.40 and the low estimate is $0.28. The average estimate for the next quarter is thus $0.32.

Summary of Insider Activity:

Insiders traded CRWD stock several times over the past three months with 7 Buys and 12 Sells. In these transactions, 2,519,032 shares were bought while 2,540,504 shares were sold. The number of buy transactions has increased to 47 while that of sell transactions has risen to 170 over the past year. The total number of shares bought during that period was 5,268,592 while 4,988,634 shares were sold.

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