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 1.33% to 12.79 million shares with purchase of 0.17 million shares. This fresh investment now brings its stake to 5.96% valued currently at $2.06 billion. In addition, Jennison Associates LLC raised its holdings by 1.6 million to 9.7 million shares. And BlackRock Fund Advisors has lifted its position by 1.18% or 0.1 million shares – to 8.68 million shares.
With over 8.64 million CrowdStrike Holdings Inc. (CRWD) shares trading Tuesday and a closing price of $138.00 on the day, the dollar volume was approximately $1.19 billion. The shares have shown a negative half year performance of -13.74% and its price on 11/29/22 lost nearly -1.04%. Currently, there are 232.55M common shares owned by the public and among those 211.94M shares have been available to trade.
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Insiders at the company have transacted a total of 198 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 46 of these insider trades were purchases, accounting for 5,263,592 shares. Insider sales of the common stock occurred on 152 occasions, with total insider shares sold totaling 4,977,134 shares.
The top 3 mutual fund holders in CrowdStrike Holdings Inc. are Vanguard Total Stock Market Index, Invesco QQQ Trust, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market Index owns 6.09 million shares of the company’s stock, all valued at over $981.13 million. The company bought an additional 34546.0 shares recently to bring their total holdings to about 2.83% of the shares outstanding. Invesco QQQ Trust sold 2850.0 shares to see its total holdings shrink to 3.11 million shares valued at over $501.43 million and representing 1.45% of the shares outstanding. Vanguard Extended Market Index Fu bought 51986.0 shares to bring its total holdings to over 2.92 million shares at a value of $471.03 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.36% of the shares outstanding.
Shares of CrowdStrike Holdings Inc. (NASDAQ: CRWD) opened at $140.00, up $0.55 from a prior closing price of $139.45. However, the script later moved the day high at 140.19, down -1.04%. The company’s stock has a 5-day price change of 1.80% and -28.61% over the past three months. CRWD shares are trading -32.60% year to date (YTD), with the 12-month market performance down to -38.55% lower. It has a 12-month low price of $120.50 and touched a high of $242.00 over the same period. CRWD has an average intraday trading volume of 3.54 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 -1.28%, -10.12%, and -22.28% respectively.
Institutional ownership of CrowdStrike Holdings Inc. (NASDAQ: CRWD) shares accounts for 77.40% of the company’s 232.55M shares outstanding. Mutual fund holders own 32.90%, while other institutional holders and individual stakeholders account for 40.58% and 2.21% respectively.
It has a market capitalization of $31.04B and a beta (3y monthly) value of 1.14. The earnings-per-share (ttm) stands at -$0.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.38% over the week and 4.89% over the month.
Analysts forecast that CrowdStrike Holdings Inc. (CRWD) will achieve an EPS of $0.31 for the current quarter, $0.34 for the next quarter and $1.87 for 2024. The lowest estimate earnings-per-share for the quarter is $0.28 while analysts give the company a high EPS estimate of $0.38. Comparatively, EPS for the current quarter was $0.17 a year ago. Earnings per share for the fiscal year are expected to decrease by -143.00%, and 41.16% over the next financial year. EPS should grow at an annualized rate of 73.75% over the next five years, compared to -13.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 38 brokerage firm advisors rate CrowdStrike Holdings Inc. (CRWD) as a “Strong Buy” at a consensus score of 1.70. Specifically, 32 Wall Street analysts polled rate the stock as a buy, while 2 of the 38 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. MKM Partners stated their Buy rating for the stock in a research note on November 23, 2022, with the firm’s price target at $240-$200. Macquarie was of a view on November 02, 2022 that the stock is Outperform, while Robert W. Baird gave the stock Outperform rating on October 19, 2022, issuing a price target of $237. SMBC Nikko on their part issued Outperform rating on October 07, 2022.
