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.
