On Jan. 04, Black Colin divested U.S. $4,108,579 in shares of CrowdStrike Holdings Inc.. The COO sold 20,000 shares at a price per share of $205.43. The transaction decreased this specific insider’s holdings to 121,173 shares worth around $25.31 million at present.
Another 320,000 shares were sold by Podbere Burt W., for more than $64,474,793 in total proceeds. The CFO dumped the shares at a price of $201.48 and the insider now owns almost 136,682 shares.
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That same day, Watzinger Gerhard sold 80,000 shares. The Dir divested U.S. $16,796,800 in shares of CrowdStrike Holdings Inc. at a price per share of $209.96. The transaction decreased this specific insider’s holdings to 1,785 shares worth around $372797.25 at present.
JP Morgan took its CrowdStrike Holdings Inc. [CRWD] rating to the equivalent of a Neutral from an Overweight, and the price target to $175, in a research note dated December 09, 2020. That figure represents around a -19.34% 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 100% Buy in the past month. Data from CrowdStrike Holdings Inc.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 5.7 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 4.75 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 5.23 million shares.
CRWD Price Performance
On Wall Street, CrowdStrike Holdings Inc. [NASDAQ:CRWD] finished Wednesday’s session down -1.13% at $208.85. The stock went up to $214.695 at the same session while its lowest single day price was $203.00. In the last five days, it saw a rise of about 1.42%, CrowdStrike Holdings Inc. shares dropped by almost -1.40% since the beginning of the year. However, the share price has dropped to as low as -8.14% below its one year high. On 01/06/21, the company shares recorded $214.70, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $195.99. The company’s shares have inclined by 281.46% in the past year. The 50-day SMA achieved is $163.25 while the 200-day SMA is $117.25. Volume dropped to 4.7 million from 5.07 million in the previous session.
CrowdStrike Holdings Inc. [CRWD] Valuation Measures
Notably, CrowdStrike Holdings Inc. [CRWD] can be helpful for investors to consider historical price-sales ratio, more specifically, a 60.24 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.93.
CRWD Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 203.00 level, and in case of violation of this particular level, it will cause more drop to 197.15 level. On the upper level, 220.54 is still the key resistance. The stock may increase to the subsequent resistance at 214.70. The Relative Strength Index (RSI) pinned on the 14-day chart is 61.46, implying a neutral technical stance while the MACD stands at -1.01, meaning price will decrease in the next trading period. Percent R indicator moved to 36.43%, implying low price movement. Stochastic %K at 61.78% suggest holding 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 $1270639431.85. 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.
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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What are analyst thoughts on CrowdStrike Holdings Inc.?
Looking forward to the CrowdStrike Holdings Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for CrowdStrike Holdings Inc. stock at $190.00 within the next 12 months, which represents almost -9.92 per cent growth from its previous closing price of $208.85. The highest analysts’ target for CrowdStrike Holdings Inc. stock projections is $245.00 and the lowest one is $150.00. Still, 20 analysts sharing their consensus rating for CRWD stock in 2021 agree that it is an Overweight.
