Check Out What Whales Are Doing With CRWD
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on CrowdStrike Holdings (NASDAQ:CRWD) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $145.0 to $180.0 for CrowdStrike over the last 3 months. The current price of CRWD is down -3.89% at $147.83. Analysts from Canaccord Genuity, Morgan Stanley, UBS, and Guggenheim have maintained their positive ratings on the stock, with price targets ranging from $162 to $185.
August 24, 2023 | 5:16 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on CrowdStrike Holdings. Despite this, analysts maintain positive ratings with price targets above the current price.
The bearish options activity indicates that large investors or institutions expect the price of CRWD to decrease. However, analysts from several firms maintain positive ratings on the stock, suggesting they believe it is undervalued at its current price. This contrast could lead to increased volatility in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100