CrowdStrike Holdings, Inc.’s Stock Price Dips to $369.05, Marking a 2.20% Decrease: Time to Buy?

CrowdStrike Holdings, Inc. (CRWD)

369.05 USD -8.32 (-2.20%) Volume: 2.6M

CrowdStrike Holdings, Inc.’s stock price stands at 369.05 USD, experiencing a slight dip of -2.20% this trading session amidst a trading volume of 2.6M. Despite the day’s setback, the cybersecurity firm’s year-to-date performance remains robust with a percentage change of +44.54%, demonstrating its resilience in the stock market.

Latest developments on CrowdStrike Holdings, Inc.

Crowdstrike Holdings, Inc. (NASDAQ:CRWD) has seen a series of significant stock movements recently. Montag A & Associates Inc. and Atomi Financial Group Inc. have both increased their stock holdings in the company, while Empowered Funds LLC and Sei Investments Co. have also shown confidence with multi-million dollar investments. Despite a recent 1.4% dip in stock price, CrowdStrike (CRWD) is still up 45% year-to-date, prompting investors to consider their next move. Additionally, news of Google’s acquisition of Wiz for $23B has sparked interest, with analysts suggesting potential benefits for companies like Palo Alto and CrowdStrike. With various institutions adjusting their holdings, including TimesSquare Capital Management LLC and Forsta AP Fonden, the market remains active and responsive to developments in the cybersecurity sector.

CrowdStrike Holdings, Inc. on Smartkarma

Analysts on Smartkarma are closely following Crowdstrike Holdings, with different perspectives on the company’s performance. Jesus Rodriguez Aguilar‘s report titled “CrowdStrike Joins S&P 500” highlights the positive sentiment surrounding the company as it officially joins the S&P 500 index, driven by strong financial results and guidance. The report mentions that investors anticipated this inclusion, which has led to increased trading volume and improved liquidity for the stock. The median IBES consensus price target for Crowdstrike is $400, indicating a potential 7.5% upside.

On the other hand, Value Investors Club’s report takes a bearish stance on Crowdstrike Holdings, predicting a potential underperformance based on declining performances in the cybersecurity sector. The report suggests a significant miss in Crowdstrike’s upcoming earnings, pointing to current trends in the market. In contrast, Baptista Research provides a bullish outlook in their report, emphasizing Crowdstrike’s enhanced AI capabilities and robust growth demonstrated in their fiscal first quarter results. The report highlights the company’s investment appeal anchored on its comprehensive cybersecurity solutions delivered through the Falcon platform, leveraging artificial intelligence to improve cost-efficiencies for clients.

A look at CrowdStrike Holdings, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, Crowdstrike Holdings has a positive long-term outlook. With high scores in Growth, Resilience, and Momentum, the company is positioned for strong future performance. The Growth score indicates potential for expansion and development, while the Resilience score suggests the company’s ability to withstand challenges. Additionally, the Momentum score reflects the company’s current positive trend, which could continue in the long term. However, with lower scores in Value and Dividend, investors may need to consider other factors when evaluating Crowdstrike Holdings.

Crowdstrike Holdings, Inc. is a cybersecurity company that provides a range of products and services to prevent breaches. Their offerings include cloud-based protection for endpoints, cloud workloads, identity and data, as well as threat intelligence and managed security services. With a focus on IT operations management, threat hunting, Zero Trust identity protection, and log management, Crowdstrike serves customers globally. The company’s high Resilience and Momentum scores suggest a promising future, while potential investors may want to further assess the Value and Dividend scores before making decisions.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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