Crowdstrike Holdings Inc (NASDAQ:CRWD) Short Interest Update

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Crowdstrike Holdings Inc (NASDAQ:CRWD) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 8,200,000 shares, a growth of 18.3% from the October 31st total of 6,930,000 shares. Approximately 44.6% of the company’s shares are sold short. Based on an average daily volume of 2,660,000 shares, the short-interest ratio is presently 3.1 days.

Shares of CRWD traded down $2.39 during mid-day trading on Wednesday, reaching $54.98. 1,606,864 shares of the company’s stock were exchanged, compared to its average volume of 2,685,117. The stock’s 50-day simple moving average is $51.89. Crowdstrike has a 52-week low of $44.58 and a 52-week high of $101.88.

Crowdstrike (NASDAQ:CRWD) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($0.18) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.25. The business had revenue of $108.10 million for the quarter, compared to analysts’ expectations of $103.79 million. Crowdstrike’s revenue for the quarter was up 94.1% on a year-over-year basis. On average, equities analysts expect that Crowdstrike will post -1.06 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in CRWD. Warburg Pincus LLC purchased a new stake in Crowdstrike in the 2nd quarter worth approximately $3,751,769,000. Vanguard Group Inc. acquired a new position in shares of Crowdstrike during the 2nd quarter valued at $85,696,000. Jericho Capital Asset Management L.P. lifted its holdings in shares of Crowdstrike by 155.3% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 2,050,104 shares of the company’s stock valued at $119,542,000 after acquiring an additional 1,247,169 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Crowdstrike during the 2nd quarter valued at $68,481,000. Finally, Whale Rock Capital Management LLC acquired a new position in shares of Crowdstrike during the 2nd quarter valued at $48,300,000. 32.05% of the stock is owned by hedge funds and other institutional investors.

CRWD has been the topic of a number of recent research reports. Bank of America reaffirmed a “buy” rating and set a $103.00 price objective (up previously from $89.00) on shares of Crowdstrike in a research report on Tuesday, August 13th. Royal Bank of Canada decreased their target price on shares of Crowdstrike from $83.00 to $67.00 and set a “sector perform” rating for the company in a research note on Wednesday. SunTrust Banks upgraded shares of Crowdstrike from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Wednesday, October 2nd. Macquarie increased their target price on shares of Crowdstrike from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Finally, Barclays reduced their price objective on shares of Crowdstrike from $94.00 to $75.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $78.42.

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