Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CrowdStrike Holdings Inc. shares valued at $7,912,776 were sold by Kurtz George on Mar 21. At $134.75 per share, Kurtz George sold 58,720 shares. The insider’s holdings dropped to 1,004,878 shares worth approximately $150.34 million following the completion of this transaction.
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Also, Podbere Burt W. sold 16,615 shares, netting a total of over 2,214,828 in proceeds. Following the sale of shares at $133.30 each, the insider now holds 336,838 shares.
Before that, Henry Shawn had sold 10,462 shares from its account. In a trade valued at $1,379,415, the CHIEF SECURITY OFFICER traded CrowdStrike Holdings Inc. shares for $131.85 each. Upon closing the transaction, the insider’s holdings decreased to 10,462 shares, worth approximately $29.77 million.
Analyzing CRWD Stock Performance
On Thursday, CrowdStrike Holdings Inc. [NASDAQ: CRWD] rose 0.27% to $149.61. The stock’s lowest price that day was $147.19, but it reached a high of $151.13 in the same session. During the last five days, there has been a surge of approximately 5.47%. Over the course of the year, CrowdStrike Holdings Inc. shares have jumped approximately 42.09%. Shares of the company reached a 52-week high of $151.13 on 05/25/23 and a 52-week low of $92.25 on 01/10/23. A 50-day SMA is recorded $132.28, while a 200-day SMA reached $137.86. Nevertheless, trading volume fell to 3.55 million shares from 3.22 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 147.49, which, if violated, would cause prices to drop to 145.37. In the upper region, resistance lies at 151.43. The next price resistance is at 153.25. RSI (Relative Strength Index) is 67.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.85, which suggests the price will increase in the coming days. Percent R is at 5.91%, indicating bullish price movement. Stochastics %K at selling 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 May 14, 2023 dropping by -0.66 million shares to 7.2 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 7.86 million shares. A decline of -9.17% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.3 of the overall float, the days-to-cover ratio (short ratio) decline to 2.3.
Which companies own the most shares of CrowdStrike Holdings Inc. (CRWD)?
According to The Vanguard Group, Inc. filings, the company currently owns 13,934,698 shares, which is about 6.38% of the total CRWD shares outstanding. The investor’s shares have appreciated by 388,506 from its previous 13-F filing of 13546192.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,117,750,976. Jennison Associates LLC reduced a -0.97% interest valued at $584.55 million while Voya Investment Management Co. LL sold a -131,404 stake. A total of 127,620 shares of CrowdStrike Holdings Inc. were sold by SSgA Funds Management, Inc. during the quarter, and -21,995 were sold by T. Rowe Price Investment Manageme. In its current portfolio, ClearBridge Investments LLC holds 3,297,552 shares valued at $395.87 million.
In terms of CrowdStrike Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $167.89 in the next 12 months, up nearly 10.59% from the previous closing price of $149.20. Analysts anticipate CrowdStrike Holdings Inc. stock to reach $235.00 by 2023, with the lowest price target being $125.00. In spite of this, 43 analysts ranked CrowdStrike Holdings Inc. stock as a Buy at the end of 2023.