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CrowdStrike Holdings, Inc.’s Stock Price Drops to $310.52, Marking a 3.03% Decrease: A Deep Dive into CRWD’s Performance

By October 15, 2024 No Comments

CrowdStrike Holdings, Inc. (CRWD)

310.52 USD -9.69 (-3.03%) Volume: 4.46M

Discover the performance of CrowdStrike Holdings, Inc.’s stock price, currently at 310.52 USD, experiencing a -3.03% change this trading session with a trading volume of 4.46M. With a YTD increase of +21.62%, CRWD stock continues to show a promising trend in the market.


Latest developments on CrowdStrike Holdings, Inc.

CrowdStrike Holdings, Inc. (CRWD) has been making significant moves in the cloud security sector, with an impressive 80% boost in revenue. The expansion of their Falcon platform has caught the attention of analysts, who have given the stock an average rating of “Moderate Buy”. Livforsakringsbolaget Skandia Omsesidigt has increased their stock position in the company, while Gateway Investment Advisers LLC has purchased over 30,000 shares. Despite this positive momentum, Avity Investment Management Inc. decided to sell 135,024 shares, resulting in a 2.2% decrease in CrowdStrike’s stock price today.


CrowdStrike Holdings, Inc. on Smartkarma

Analysts on Smartkarma are closely monitoring Crowdstrike Holdings, a leading cybersecurity company known for its AI-driven Falcon platform. Recent reports from Baptista Research highlight the challenges the company faces after a global IT outage that raised concerns about its operations and platform reliability. Despite its past growth and innovation, the incident has exposed vulnerabilities that could impact its future trajectory.

On a positive note, Crowdstrike Holdings is set to join the S&P 500 index, following strong financial results and guidance. Analyst Jesus Rodriguez Aguilar notes that this move is anticipated by investors, driven by improved profitability and operational efficiency. This inclusion is expected to increase the representation of cybersecurity stocks in the index, with a median consensus price target of $400, signaling potential upside for the company.


A look at CrowdStrike Holdings, Inc. Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience5
Momentum5
OVERALL SMART SCORE3.4

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 well for future success. The company’s focus on cybersecurity products and services to prevent breaches is in high demand globally, indicating strong growth potential. Additionally, its resilience and momentum scores suggest that Crowdstrike Holdings is well-equipped to navigate challenges and maintain its competitive edge in the market.

Crowdstrike Holdings’ Smartkarma Smart Scores reflect a promising outlook for the company. While the Value and Dividend scores are not as high, the strong scores in Growth, Resilience, and Momentum indicate a bright future for the cybersecurity company. With a wide range of offerings including cloud-delivered protection, threat intelligence, and managed security services, Crowdstrike Holdings is well-positioned to continue serving customers worldwide and remain a key player in the cybersecurity industry.


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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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