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 September 27, 2024, CRWD stock price climbed to $285.86 with 2,624,011 million shares trading.

CRWD has a beta of 2.62, meaning it tends to be more sensitive to market movements. CRWD has a correlation of 0.43 to the broad based SPY ETF.

CRWD has a market cap of $70.07 billion. This is considered a Large Cap stock.

Last quarter Crowdstrike Holdings - Class A reported $964 million in Revenue and $1.04 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.07.

In the last 3 years, CRWD traded as high as $398.33 and as low as $92.25.

The top ETF exchange traded funds that CRWD belongs to (by Net Assets): RAYD, VTI, VOO, QQQ, SPY.

CRWD has outperformed the market in the last year with a price return of +75.3% while the SPY ETF gained +35.8%. However, in the short term, CRWD had mixed performance relative to the market. It has underperformed in the last 3 months, returning -26.2% vs +4.9% return in SPY. But in the last 2 weeks, CRWD shares have fared better than the market returning +10.3% compared to SPY +2.0%.

CRWD support price is $273.33 and resistance is $289.63 (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 shares will trade within this expected range on the day.