CrowdStrike Holdings Inc. (NASDAQ: CRWD): Hunting Genuine Value In Market Debris


T. Rowe Price Associates, Inc. (I.. recently announced the acquisition of new stake in CrowdStrike Holdings Inc. (NASDAQ:CRWD). The institutional investor has increased its shareholding in the Technology company by 163.01% to 12.62 million shares with purchase of 7.82 million shares. This fresh investment now brings its stake to 8.35% valued currently at $1.43 billion. In addition, The Vanguard Group, Inc. raised its holdings by 9.29 million to 11.1 million shares. And Jennison Associates LLC has lifted its position by 271.65% or 6.36 million shares – to 8.7 million shares.

With over 8.5 million CrowdStrike Holdings Inc. (CRWD) shares trading Monday and a closing price of $125.73 on the day, the dollar volume was approximately $1.07 billion. The shares have shown a positive weekly performance of 13.02% and its price on 08/31/20 gained nearly 5.98%. Currently, there are 213.13M common shares owned by the public and among those 148.85M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 22 analysts who have offered their price forecasts for CRWD have a consensus price objective of $115.81. The analysts have set the share’s price value over the next 12 months at a high of $130.00 and a low of $80.00 should the stock experience a downside. Incidentally, analysts’ outlook for the CrowdStrike Holdings Inc. stock is 2.00 for the next 12 months. The average price target is -11.59% below its last price level and a downside to the estimated low will see the stock lose -57.16% over that period. But an upside of 3.28% will see the stock hit the forecast high price target while mean target price for the stock is $120.00.

Insiders at the company have transacted a total of 727 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 280 of these insider trades were purchases, accounting for 96,225,448 shares. Insider sales of the common stock occurred on 447 occasions, with total insider shares sold totaling 93,404,408 shares.

The top 3 mutual fund holders in CrowdStrike Holdings Inc. are Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and Harbor Capital Appreciation Fund. Vanguard Total Stock Market Index owns 4.09 million shares of the company’s stock, all valued at over $462.91 million. The company sold 8979.0 shares recently to bring their total holdings to about 2.70% of the shares outstanding. Vanguard Mid Cap Index Fund sold 26229.0 shares to see its total holdings shrink to 3.53 million shares valued at over $399.17 million and representing 2.33% of the shares outstanding. Harbor Capital Appreciation Fund bought 3.23 million shares to bring its total holdings to over 3.23 million shares at a value of $365.7 million. Harbor Capital Appreciation Fund now owns shares totaling to 2.14% of the shares outstanding.

Shares of CrowdStrike Holdings Inc. (NASDAQ: CRWD) opened at $120.00, up $1.36 from a prior closing price of $118.64. However, the script later closed the day at $125.73, up 5.98%. The company’s stock has a 5-day price change of 13.02% and 36.29% over the past three months. CRWD shares are trading 152.12% year to date (YTD), with the 12-month market performance up to 54.69% higher. It has a 12-month low price of $31.95 and touched a high of $121.00 over the same period. Currently, 8.5 million shares have been traded, compared to an average intraday trading volume of 6.41 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.57%, 17.55%, and 69.86% respectively.

Institutional ownership of CrowdStrike Holdings Inc. (NASDAQ: CRWD) shares accounts for 90.80% of the company’s 213.13M shares outstanding. Mutual fund holders own 38.29%, while other institutional holders and individual stakeholders account for 50.74% and 2.70% respectively.

It has a market capitalization of $26.81B. The earnings-per-share (ttm) stands at -$0.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.42% over the week and 4.29% over the month.

Analysts forecast that CrowdStrike Holdings Inc. (CRWD) will achieve an EPS of -$0.01 for the current quarter, -$0.05 for the next quarter and $0.19 for 2022. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of $0.02. Comparatively, EPS for the current quarter was -$0.18 a year ago. Earnings per share for the fiscal year are expected to decrease by -34.50%, and 575.00% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 22 brokerage firm advisors rate CrowdStrike Holdings Inc. (CRWD) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 16 Wall Street analysts polled rate the stock as a buy, while 5 of the 22 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the CRWD, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on August 14, 2020, with the firm’s price target at. Citigroup coverage for the CrowdStrike Holdings Inc. (CRWD) stock in a research note released on July 09, 2020 offered a Neutral rating with a price target of $116. SunTrust was of a view on June 03, 2020 that the stock is Buy, while Stifel gave the stock Buy rating on June 03, 2020, issuing a price target of $90- $108. Robert W. Baird on their part issued Neutral rating on June 03, 2020.


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