CrowdStrike Holdings Inc. (NASDAQ: CRWD) stock jumped 0.92% on Monday to $166.97 against a previous-day closing price of $165.45. With 2.44 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.46 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $168.59 whereas the lowest price it dropped to was $164.00. The 52-week range on CRWD shows that it touched its highest point at $181.84 and its lowest point at $92.25 during that stretch. It currently has a 1-year price target of $185.86. Beta for the stock currently stands at 0.96.
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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 -3.09%, but this was up by 15.65% over a month. Three-month performance surged to 7.63% while six-month performance rose 25.43%. The stock lost -6.65% in the past year, while it has gained 58.58% so far this year. A look at the trailing 12-month EPS for CRWD yields -0.40 with Next year EPS estimates of 3.50. For the next quarter, that number is 0.74. This implies an EPS growth rate of 24.00% for this year and 23.99% for next year. EPS is expected to grow by 38.66% 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, 237.91 million CRWD shares are outstanding with a float of 217.96 million shares on hand for trading. On Aug 30, 2023, short shares totaled 6.28 million, which was 2.63% higher than short shares on Jul 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:
Through their ownership of 70.83% of CRWD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 39.04% of CRWD, in contrast to 29.83% held by mutual funds. Shares owned by individuals account for 2.48%. As the largest shareholder in CRWD with 6.29% of the stake, The Vanguard Group, Inc. holds 14,089,260 shares worth 14,089,260. A second-largest stockholder of CRWD, BlackRock Fund Advisors, holds 9,944,324 shares, controlling over 4.44% of the firm’s shares. Voya Investment Management Co. LL is the third largest shareholder in CRWD, holding 5,311,499 shares or 2.37% stake. With a 2.96% stake in CRWD, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 6,637,637 shares are owned by the mutual fund manager. The Invesco QQQ Trust, which owns about 1.68% of CRWD stock, is the second-largest Mutual Fund holder. It holds 3,775,462 shares valued at 615.51 million. Vanguard Extended Market Index Fu holds 1.40% of the stake in CRWD, owning 3,125,713 shares worth 509.58 million.
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 $250.00 and a low target of $150.00, the average target price over the next 12 months is $185.13. Based on these targets, CRWD could surge 49.73% to reach the target high and fall by -10.16% to reach the target low. Reaching the average price target will result in a growth of 10.88% 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 17 Buys and 26 Sells. In these transactions, 351,182 shares were bought while 427,753 shares were sold. The number of buy transactions has increased to 52 while that of sell transactions has risen to 65 over the past year. The total number of shares bought during that period was 4,828,395 while 4,278,528 shares were sold.
