CrowdStrike Holdings Inc. [CRWD] gets its Buy rating reiterated by BTIG

ORC Stock
ORC Stock

BTIG maintained its CrowdStrike Holdings Inc. [NASDAQ:CRWD]‎ rating to the equivalent of Buy but ‎changed the price target ‎to $236 ‎from $206, in a research note dated December 31, 2020. That figure ‎represents around a 12.22% ‎premium ‎from where the company’s shares closed on Wednesday.‎ Other ‎analysts also revised their coverage, with JP Morgan’s analysts downgrading the ‎shares from “an ‎Overweight” rating to “a Neutral” rating in a research note to investors issued in early ‎December. ‎Meanwhile, Robert W. Baird had raised its rating on CRWD to “an Outperform” from the ‎earlier ‎‎”Neutral”, in a research note produced for clients November 11, 2020.

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Is CrowdStrike Holdings Inc. ‎‎[NASDAQ:CRWD] a Good Buy Right Now?

It should be noted ‎that CRWD technical indicators for ‎short, intermediate as well as long term progress have placed an ‎overall average of 100% as Buy. The ‎average signal changed from 100% Buy in the last week and ‎compares with 88% Buy in the past month. ‎Data from CrowdStrike Holdings Inc.’s Trend Spotter ‎indicated that the signals were Weakening. The ‎stock current average is 6.45 million shares in the past ‎‎20 days and the short term average signal ‎indicates a 100% Buy. In the last 50 days, the average trading ‎volume was 4.7 million shares while the ‎medium term average advocated for 100% Buy. The average ‎long-term signal stands at 100% Buy and ‎the 100-day average volume stands at 5.27 million shares.‎‎

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CRWD Price Performance

On Wall ‎Street, CrowdStrike Holdings Inc. [NASDAQ:CRWD] ‎finished Wednesday’s session up 2.12% at $210.29. ‎The stock went up to $210.9893 at the same ‎session while its lowest single day price was $205.24. In ‎the last five days, it saw a fall of about -6.50%, ‎CrowdStrike Holdings Inc. shares gained by almost ‎‎321.68% since the beginning of the year. However, ‎the share price has dropped to as low as -7.51% ‎below its one year high. On 12/24/20, the company ‎shares recorded $227.36, the highest single-day ‎price it has got to in the last 52-weeks and a 52-week ‎low was seen on 03/17/20, the same year at ‎‎$31.95. The company’s shares have inclined by 321.68% in ‎the past year. The 50-day SMA achieved is ‎‎$157.56 while the 200-day SMA is $114.00. Volume dropped ‎to 2.55 million from 8.15 million in the ‎previous session.‎‎

CRWD Stock Support And Resistance Levels

On the 24-hour scale, the ‎immediate backing is ‎perceived around 206.69 level, and in case of violation of this particular level, it ‎will cause more drop to ‎‎203.09 level. On the upper level, 214.59 is still the key resistance. The stock ‎may increase to the ‎subsequent resistance at 212.44. The Relative Strength Index (RSI) pinned on the ‎‎14-day chart is 66.38, ‎implying a neutral technical stance while the MACD stands at 10.85, meaning ‎price will increase in the ‎next trading period. Percent R indicator moved to 27.01%, implying bullish ‎price movement. Stochastic ‎‎%K at 72.26% suggest selling the stock.‎‎

What is the short interest in ‎CrowdStrike Holdings Inc.?

Short interest in the CrowdStrike ‎Holdings Inc. stock has surged, ‎increasing by 0.51 million shares to total 11.58 million shares on Dec 14, ‎‎2020. The interest had seen ‎shares on Nov 12, 2020 stand at 12.09 million, data from Yahoo Finance ‎shows. The decrease of -4.4% ‎suggests the stock saw some decreased bullish sentiment. The stock’s ‎days to cover (short ratio) ‎moved to while the shorted shares account for just 6.20% of the overall ‎float for the stock.‎‎‎

CrowdStrike Holdings Inc.’s Biggest Shareholders: Who Owns CrowdStrike Holdings ‎Inc. ‎‎[CRWD]?

Filings by The Vanguard Group, Inc. showed that the firm now holds a total ‎of ‎‎12,724,734 shares or roughly 6.90% of the outstanding CRWD shares. This means their shares ‎have ‎increased by 1,625,230 from the 12,724,734 the investor reportedly held in its prior 13-F filing. ‎With the ‎conclusion of the purchase, T. Rowe Price Associates, Inc. updated stake is worth ‎‎$1,238,015,429. ‎Details in the latest 13F filings reveal that Tiger Global Management LLC acquired their ‎‎49.48% stake ‎valued at $1,155,271,360 while Jennison Associates LLC cut theirs at $941,301,524. During ‎the last ‎quarter, Tiger Global Management LLC raised 2,495,000 of its shares in CrowdStrike Holdings ‎Inc. while ‎Jennison Associates LLC sold -2,554,426 shares. The BlackRock Fund Advisors’s holdings ‎currently ‎number 6,083,981 shares at $1279400364.49. According to the firm’s last 13F report, Allianz ‎Global ‎Investors U.S. LLC shares in the company at filing stood at 5,712,710 shares, roughly ‎‎$875,644,189.‎‎

CRWD Earnings Forecast For The Current Quarter

CrowdStrike Holdings Inc. ‎‎[CRWD] is ‎expected to report strong earnings results for the quarter ending on Jan 2021. Consensus ‎estimates ‎give the company expected revenues of $249.35M and an earnings per share of $0.08 for ‎Jan 2021. ‎Looking further ahead, the company is expected to report revenue of $266.45M at an EPS of ‎‎$0.05 for ‎Apr 2021. The estimates represent upside of 40.40% and 61.36% in the company’s revenue ‎and ‎earnings per share, respectively, on a year-on-year basis.‎‎

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CRWD Earnings Estimates For The Current ‎Year

For the ‎financial year, CrowdStrike Holdings Inc. [NASDAQ:CRWD] is expected to bring in ‎revenue of ‎‎$859.15M. The returns are nearly $377.74 million higher than the company’s actual revenue ‎recorded ‎in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 0.22, higher than that of ‎FY20 by ‎‎$0.64. Estimates put this year’s earnings growth at 152.40%, 59.10% for the next, and at an ‎annual ‎‎25.00% over the next 5-year period. As for sales, forecasts are for an increase of 78.50% in the ‎current ‎fiscal year and a further 40.40% over the following year.‎


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