Is Overall Sentiment on CrowdStrike Bearish?

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
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.