This afternoon we watched CrowdStrike drop -9.2% to a price of $317.34 per share. The Large-Cap Software company is now trading -20.69% below its average target price of $400.14. Analysts have set target prices ranging from $260.0 to $540.0 per share for CrowdStrike, and have given the stock an average rating of buy.
CrowdStrike's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.9%. The stock's short ratio is 2.67. The company's insiders own 1.3% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 75.3%. In conclusion, we believe there is positive market sentiment regarding CrowdStrike.
Institutions Invested in CrowdStrike
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Blackrock Inc. | 7% | 16,130,712 | $5,118,920,087 |
| 2024-03-31 | Vanguard Group Inc | 7% | 16,061,400 | $5,096,924,617 |
| 2024-03-31 | Morgan Stanley | 3% | 5,785,798 | $1,836,065,116 |
| 2024-03-31 | Jennison Associates LLC | 2% | 5,029,777 | $1,596,149,414 |
| 2024-03-31 | State Street Corporation | 2% | 4,760,867 | $1,510,813,516 |
| 2024-03-31 | JP Morgan Chase & Company | 2% | 4,255,600 | $1,350,472,088 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 3,604,249 | $1,143,772,364 |
| 2024-03-31 | T. Rowe Price Investment Management, Inc. | 2% | 3,479,311 | $1,104,124,539 |
| 2024-03-31 | FMR, LLC | 1% | 3,045,921 | $966,592,558 |
| 2024-03-31 | Jane Street Group, LLC | 1% | 2,709,561 | $859,852,077 |
