The Vanguard Group, Inc. 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 1.02% to 14.23 million shares with purchase of 0.14 million shares. This fresh investment now brings its stake to 6.30% valued currently at $3.37 billion. In addition, BlackRock Fund Advisors raised its holdings by 51659.0 to 10.0 million shares. And Voya Investment Management Co. LL has lifted its position by 1.77% or 94240.0 shares – to 5.41 million shares.
With over 6.05 million Crowdstrike Holdings Inc (CRWD) shares trading Tuesday and a closing price of $273.77 on the day, the dollar volume was approximately $1.66 billion. The shares have shown a positive half year performance of 81.56% and its price on 01/09/24 gained nearly 4.78%. Currently, there are 222.76M common shares owned by the public and among those 221.97M shares have been available to trade.
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Insiders at the company have transacted a total of 103 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 47 of these insider trades were purchases, accounting for 1,115,701 shares. Insider sales of the common stock occurred on 56 occasions, with total insider shares sold totaling 804,738 shares.
The top 3 mutual fund holders in Crowdstrike Holdings Inc are Vanguard Total Stock Market ETF, Hanwha Arirang NASDAQ Tech, and Invesco QQQ Trust. Vanguard Total Stock Market ETF owns 6.67 million shares of the company’s stock, all valued at over $1.58 billion. The company bought an additional 8140.0 shares recently to bring their total holdings to about 2.95% of the shares outstanding. Invesco QQQ Trust sold 13338.0 shares to bring its total holdings to over 3.93 million shares at a value of $932.0 million. Invesco QQQ Trust now owns shares totaling to 1.74% of the shares outstanding.
Shares of Crowdstrike Holdings Inc (NASDAQ: CRWD) opened at $265.695, up $4.42 from a prior closing price of $261.28. However, the script later moved the day high at 276.56, up 4.78%. The company’s stock has a 5-day price change of 10.89% and 50.57% over the past three months. CRWD shares are trading 7.23% year to date (YTD), with the 12-month market performance up to 189.03% higher. It has a 12-month low price of $92.25 and touched a high of $261.81 over the same period. CRWD has an average intraday trading volume of 3.09 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 8.21%, 22.09%, and 62.01% respectively.
Institutional ownership of Crowdstrike Holdings Inc (NASDAQ: CRWD) shares accounts for 65.12% of the company’s 222.76M shares outstanding. Mutual fund holders own 27.27%, while other institutional holders and individual stakeholders account for 42.56% and 2.67% respectively.
It has a market capitalization of $65.75B and a beta (3y monthly) value of 1.05. The earnings-per-share (ttm) stands at -$0.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.25% over the week and 2.57% over the month.
Analysts forecast that Crowdstrike Holdings Inc (CRWD) will achieve an EPS of $0.82 for the current quarter, $0.82 for the next quarter and $3.72 for 2025. The lowest estimate earnings-per-share for the quarter is $0.81 while analysts give the company a high EPS estimate of $0.87. Comparatively, EPS for the current quarter was $0.47 a year ago. Earnings per share for the fiscal year are expected to increase by 91.70%, and 26.15% over the next financial year. EPS should grow at an annualized rate of 41.73% over the next five years, compared to -2.09% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 45 brokerage firm advisors rate Crowdstrike Holdings Inc (CRWD) as a “Strong Buy” at a consensus score of 1.29. Specifically, 37 Wall Street analysts polled rate the stock as a buy, while 3 of the 45 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. Morgan Stanley stated their Overweight rating for the stock in a research note on Jan-10-24, with the firm’s price target at $203-$304.
