Selling Buzz: CrowdStrike Holdings Inc. [CRWD] Director SULLIVAN GODFREY sells 10,000 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CrowdStrike Holdings Inc. shares valued at $1,750,071 were sold by SULLIVAN GODFREY on Sep 08. At $175.01 per share, SULLIVAN GODFREY sold 10,000 shares. The insider’s holdings dropped to 170,000 shares worth approximately $27.42 million following the completion of this transaction.

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Also, Henry Shawn sold 12,103 shares, netting a total of over 2,426,949 in proceeds. Following the sale of shares at $200.52 each, the insider now holds 180,252 shares.

Before that, Podbere Burt W. had sold 11,438 shares from its account. In a trade valued at $1,889,753, the CHIEF FINANCIAL OFFICER traded CrowdStrike Holdings Inc. shares for $165.22 each. Upon closing the transaction, the insider’s holdings decreased to 11,438 shares, worth approximately $50.49 million.

As published in their initiating research note from MoffettNathanson on September 22, 2022, CrowdStrike Holdings Inc. [CRWD] has been a Buy and the price target has been revised to $280. This represents a 42.4% premium over Thursday’s closing price. Analysts at MKM Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of September 08, 2022, Cantor Fitzgerald has initiated its “an Overweight” rating for CRWD. Earlier on September 02, 2022, Atlantic Equities initiated its rating. Their recommendation was “a Neutral” for CRWD stock.

Analyzing CRWD’s Price Performance

On Thursday, CrowdStrike Holdings Inc. [NASDAQ: CRWD] plunged -4.71% to $161.28. The stock’s lowest price that day was $159.67, but it reached a high of $169.125 in the same session. During the last five days, there has been a drop of approximately -9.83%. Over the course of the year, CrowdStrike Holdings Inc. shares have dropped approximately -21.23%. 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 $185.19, while a 200-day SMA reached $186.05. Nevertheless, trading volume fell to 3.56 million shares from 2.16 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 157.59, which, if violated, would cause prices to drop to 153.90. In the upper region, resistance lies at 167.05. The next price resistance is at 172.81. RSI (Relative Strength Index) is 35.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.00, which suggests the price will decrease in the coming days. Percent R is at 95.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is CrowdStrike Holdings Inc. subject to short interest?

Stocks of CrowdStrike Holdings Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.52 million shares to 11.85 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.37 million shares. A decline of -4.39% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.21 of the overall float, the days-to-cover ratio (short ratio) decline to 3.21.

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

According to The Vanguard Group, Inc. filings, the company currently owns 12,626,379 shares, which is about 5.92% of the total CRWD shares outstanding. The investor’s shares have appreciated by 494,054 from its previous 13-F filing of 12132325.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $1,565,984,472. Jennison Associates LLC reduced a -10.43% interest valued at $1.48 billion while Tiger Global Management LLC sold a -2,257,414 stake. A total of 58,891 shares of CrowdStrike Holdings Inc. were sold by Allianz Global Investors U.S. LLC during the quarter, and 693,499 were bought by T. Rowe Price Associates, Inc.. In its current portfolio, SSgA Funds Management, Inc. holds 4,191,765 shares valued at $765.46 million.

In terms of CrowdStrike Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $236.03 in the next 12 months, up nearly 38.55% from the previous closing price of $169.25. Analysts anticipate CrowdStrike Holdings Inc. stock to reach $280.00 by 2022, with the lowest price target being $193.00. In spite of this, 34 analysts ranked CrowdStrike Holdings Inc. stock as a Buy at the end of 2022. On August 12, 2022, Guggenheim assigned a price target of “a Buy” to the stock and initiated coverage with a $270.


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