Sunday, June 26, 2022

Insider Selling: Henry Shawn, CrowdStrike Holdings Inc. [CRWD] divested 20,839 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CrowdStrike Holdings Inc. shares valued at $4,751,636 were sold by Henry Shawn on Apr 19. At $228.02 per share, Henry Shawn sold 20,839 shares. The insider’s holdings dropped to 191,046 shares worth approximately $31.66 million following the completion of this transaction.

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Also, Podbere Burt W. sold 10,000 shares, netting a total of over 2,350,900 in proceeds. Following the sale of shares at $235.09 each, the insider now holds 321,215 shares.

Before that, Henry Shawn had sold 20,000 shares from its account. In a trade valued at $4,437,795, the insider traded CrowdStrike Holdings Inc. shares for $221.89 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $30.97 million.

As published in a research note from Morgan Stanley on June 06, 2022, CrowdStrike Holdings Inc. [CRWD] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $215 from $195. This represents a 22.93% premium over Wednesday’s closing price. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in late May. Earlier on April 12, 2022, Goldman upgraded its rating. Their new recommendation was “a Buy” for CRWD stock which previously was a “a Neutral”.

Analyzing CRWD’s Price Performance

On Wednesday, CrowdStrike Holdings Inc. [NASDAQ: CRWD] rose 0.65% to $165.71. The stock’s lowest price that day was $161.8968, but it reached a high of $171.67 in the same session. During the last five days, there has been a surge of approximately 4.05%. Over the course of the year, CrowdStrike Holdings Inc. shares have dropped approximately -19.07%. Shares of the company reached a 52-week high of $242.00 on 04/13/22 and a 52-week low of $130.00 on 05/12/22. A 50-day SMA is recorded $176.89, while a 200-day SMA reached $209.75. Nevertheless, trading volume fell to 2.97 million shares from 4.52 million shares the previous day.

Support And Resistance Levels for CrowdStrike Holdings Inc. (CRWD)

According to the 24-hour chart, there is a support level at 161.18, which, if violated, would cause prices to drop to 156.65. In the upper region, resistance lies at 170.95. The next price resistance is at 176.20. RSI (Relative Strength Index) is 49.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.90, which suggests the price will decrease in the coming days. Percent R is at 51.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is CrowdStrike Holdings Inc. subject to short interest?

Stocks of CrowdStrike Holdings Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 1.7 million shares to 13.33 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 11.63 million shares. A jump of 12.75% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.31 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.31.

Which companies own the most shares of CrowdStrike Holdings Inc. (CRWD)?

According to The Vanguard Group, Inc. filings, the company currently owns 12,132,325 shares, which is about 5.78% of the total CRWD shares outstanding. The investor’s shares have appreciated by 259,778 from its previous 13-F filing of 11872547.0 shares. With the completion of the buy, Jennison Associates LLC’s stake is now worth $1,446,513,267. Tiger Global Management LLC acquire a 16.87% interest valued at $1.41 billion while BlackRock Fund Advisors purchased a 243,282 stake. A total of 152,997 shares of CrowdStrike Holdings Inc. were bought by Allianz Global Investors U.S. LLC during the quarter, and 152 were sold by SSgA Funds Management, Inc. In its current portfolio, T. Rowe Price Associates, Inc. holds 3,948,967 shares valued at $631.8 million.

In terms of CrowdStrike Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $235.38 in the next 12 months, up nearly 36.66% from the previous closing price of $164.64. Analysts anticipate CrowdStrike Holdings Inc. stock to reach $385.00 by 2022, with the lowest price target being $188.00. In spite of this, 30 analysts ranked CrowdStrike Holdings Inc. stock as a Buy at the end of 2022.

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