A History of Outperforming Analyst Forecasts and Beating the Odds: CrowdStrike Holdings Inc. (CRWD)

CrowdStrike Holdings Inc. (NASDAQ: CRWD) stock jumped 3.68% on Wednesday to $149.20 against a previous-day closing price of $143.90. With 4.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.43 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $149.48 whereas the lowest price it dropped to was $143.16. The 52-week range on CRWD shows that it touched its highest point at $205.73 and its lowest point at $92.25 during that stretch. It currently has a 1-year price target of $169.76. Beta for the stock currently stands at 1.00.

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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 up-trending over the past week, with a rise of 8.72%, but this was up by 22.14% over a month. Three-month performance surged to 27.04% while six-month performance rose 10.06%. The stock lost -0.05% in the past year, while it has gained 41.70% so far this year. A look at the trailing 12-month EPS for CRWD yields -0.79 with Next year EPS estimates of 3.01. For the next quarter, that number is 0.55. This implies an EPS growth rate of 24.00% for this year and 29.38% for next year. EPS is expected to grow by 37.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -1.80%.

Float and Shares Shorts:

At present, 235.05 million CRWD shares are outstanding with a float of 216.63 million shares on hand for trading. On Apr 27, 2023, short shares totaled 7.5 million, which was 3.16% higher than short shares on Mar 30, 2023. In addition to Mr. George R. Kurtz as the firm’s Co-Founder, Pres, CEO & Director, Mr. Burt W. Podbere serves as its Chief Financial Officer.

Institutional Ownership:

Other institutions hold 36.85% of CRWD, in contrast to 32.10% held by mutual funds. Shares owned by individuals account for 2.58%. As the largest shareholder in CRWD with 6.38% of the stake, The Vanguard Group, Inc. holds 13,934,698 shares worth 13,934,698. A second-largest stockholder of CRWD, BlackRock Fund Advisors, holds 9,310,712 shares, controlling over 4.26% of the firm’s shares. Jennison Associates LLC is the third largest shareholder in CRWD, holding 4,869,221 shares or 2.23% stake. With a 3.11% stake in CRWD, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 6,784,996 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.39% of CRWD stock, is the second-largest Mutual Fund holder. It holds 3,035,436 shares valued at 364.4 million. Invesco QQQ Trust holds 1.33% of the stake in CRWD, owning 2,894,051 shares worth 347.43 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jan 30, 2023, CRWD reported revenue of $487.83M and operating income of -$23.88M. The EBITDA in the recently reported quarter was -$788.00k and diluted EPS was -$0.14.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRWD since 0 analysts follow the stock currently. 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 $235.00 and a low target of $125.00, the average target price over the next 12 months is $167.89. Based on these targets, CRWD could surge 57.51% to reach the target high and fall by -16.22% to reach the target low. Reaching the average price target will result in a growth of 12.53% 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.

Summary of Insider Activity:

Insiders traded CRWD stock several times over the past three months with 13 Buys and 12 Sells. In these transactions, 302,724 shares were bought while 98,210 shares were sold. The number of buy transactions has increased to 47 while that of sell transactions has risen to 56 over the past year. The total number of shares bought during that period was 6,459,744 while 6,085,605 shares were sold.

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