CrowdStrike (CRWD) Dips 3.5% on Volume Below Average

This afternoon we watched CrowdStrike drop -3.5% to a price of $145.52 per share. The large-cap Software company is now trading -18.27% below its average target price of $178.05. Analysts have set target prices ranging from $128.0 to $235.0 per share for CrowdStrike, and have given the stock an average rating of buy.

The stock has an average amount of shares sold short at 3.4%, and a short ratio of 1.52. The company's insiders own 3.06% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 73.2% of CrowdStrike's shares being owned by this investor type.

Institutions Invested in CrowdStrike

Date Reported Holder Percentage Shares Value
2023-03-31 Vanguard Group, Inc. (The) 6% 14,416,730 $2,097,922,611
2023-03-31 Blackrock Inc. 6% 13,668,541 $1,989,046,144
2023-03-31 Jennison Associates LLC 2% 4,869,221 $708,569,060
2023-03-31 Voya Investment Management LLC 2% 4,769,237 $694,019,388
2023-03-31 State Street Corporation 2% 4,322,377 $628,992,319
2023-03-31 T. Rowe Price Investment Management, Inc. 2% 3,739,219 $544,131,164
2023-03-31 JP Morgan Chase & Company 2% 3,693,027 $537,409,304
2023-03-31 ClearBridge Investments, LLC 1% 3,297,552 $479,859,781
2023-03-31 Geode Capital Management, LLC 1% 3,063,464 $445,795,294
2023-03-31 Renaissance Technologies, LLC 1% 2,790,400 $406,059,019

Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on CrowdStrike.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.