CRWD Stock Summary and Trading Ideas (Crowdstrike Holdings - Class A | NASDAQ:CRWD)

CrowdStrike is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoint, cloud workload, identity, and security operations. CrowdStrike's primary offering is its Falcon platform that offers a proverbial single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure. The Texas-based firm was founded in 2011 and went public in 2019.

Crowdstrike Holdings - Class A trades on the NASDAQ stock market under the symbol CRWD.

As of April 19, 2024, CRWD stock price declined to $282.64 with 2,931,596 million shares trading.

CRWD has a beta of 1.57, meaning it tends to be more sensitive to market movements. CRWD has a correlation of 0.29 to the broad based SPY ETF.

CRWD has a market cap of $68.36 billion. This is considered a Large Cap stock.

Last quarter Crowdstrike Holdings - Class A reported $845 million in Revenue and $.95 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.13.

In the last 3 years, CRWD stock traded as high as $365.00 and as low as $92.25.

The top ETF exchange traded funds that CRWD belongs to (by Net Assets): VTI, QQQ, VXF, VUG, VGT.

CRWD has outperformed the market in the last year with a return of +107.2%, while the SPY ETF gained +21.2%. However, in the most recent history, CRWD shares have underperformed the stock market with its stock returning -0.2% in the last 3 month period and -8.6% for the last 2 week period, while SPY has returned +4.3% and -3.5%, respectively.

CRWD support price is $287.54 and resistance is $300.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CRWD stock will trade within this expected range on the day.