Short Interest in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Decreases By 14.2%

Posted by Defense World Staff on Jul 20th, 2023

CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Free Report) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totalling 6,400,000 shares, a decrease of 14.2% from the June 15th total of 7,460,000 shares. Based on an average daily trading volume, of 3,870,000 shares, the days-to-cover ratio is presently 1.7 days.

CrowdStrike Price Performance

CRWD stock opened at $157.61 on Thursday. The firm has a 50-day moving average of $148.19 and a two-hundred day moving average of $129.39. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $37.37 billion, a PE ratio of -242.48, a P/E/G ratio of 49.78 and a beta of 0.95. CrowdStrike has a one year low of $92.25 and a one year high of $205.73.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last released its quarterly earnings results on Wednesday, May 31st. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.13. The business had revenue of $692.58 million for the quarter, compared to the consensus estimate of $677.30 million. CrowdStrike had a negative net margin of 6.18% and a negative return on equity of 8.76%. On average, analysts forecast that CrowdStrike will post 0.1 earnings per share for the current year.

Insider Activity

In related news, CAO Anurag Saha sold 815 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total transaction of $122,641.20. Following the transaction, the chief accounting officer now directly owns 31,852 shares in the company, valued at approximately $4,793,088.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Anurag Saha sold 815 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total transaction of $122,641.20. Following the transaction, the chief accounting officer now directly owns 31,852 shares in the company, valued at $4,793,088.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Burt W. Podbere sold 14,430 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $145.48, for a total transaction of $2,099,276.40. Following the transaction, the chief financial officer now owns 380,800 shares in the company, valued at $55,398,784. The disclosure for this sale can be found here. In the last three months, insiders have sold 342,479 shares of company stock worth $51,344,648. 5.68% of the stock is currently owned by corporate insiders.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. boosted its position in CrowdStrike by 1.4% in the first quarter. Ameritas Investment Partners Inc. now owns 4,562 shares of the company’s stock valued at $1,036,000 after buying an additional 65 shares in the last quarter. Arthur M. Cohen & Associates LLC raised its stake in shares of CrowdStrike by 0.6% in the second quarter. Arthur M. Cohen & Associates LLC now owns 11,477 shares of the company’s stock worth $1,685,000 after acquiring an additional 68 shares during the last quarter. Apexium Financial LP raised its stake in shares of CrowdStrike by 3.3% in the first quarter. Apexium Financial LP now owns 2,332 shares of the company’s stock worth $320,000 after acquiring an additional 75 shares during the last quarter. Good Life Advisors LLC raised its stake in shares of CrowdStrike by 4.4% during the second quarter. Good Life Advisors LLC now owns 1,871 shares of the company’s stock worth $275,000 after buying an additional 79 shares during the last quarter. Finally, Centaurus Financial Inc. raised its stake in shares of CrowdStrike by 4.6% during the first quarter. Centaurus Financial Inc. now owns 1,806 shares of the company’s stock worth $248,000 after buying an additional 79 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CRWD shares. Cantor Fitzgerald raised their price target on shares of CrowdStrike from $160.00 to $180.00 in a report on Thursday, June 1st. Mizuho raised their target price on shares of CrowdStrike from $175.00 to $180.00 in a report on Thursday, June 15th. Royal Bank of Canada raised their price target on shares of CrowdStrike from $170.00 to $180.00 in a research report on Tuesday, May 30th. Wells Fargo & Company raised their price target on shares of CrowdStrike from $165.00 to $175.00 in a research report on Thursday, June 1st. Finally, Wedbush raised their price target on shares of CrowdStrike from $145.00 to $170.00 in a research report on Wednesday, May 31st. Five equities research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.88.

About CrowdStrike

(Get Free Report)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

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