Stock-Split Watch: Is CrowdStrike Holdings Next?
CrowdStrike Holdings (NASDAQ: CRWD) stock has witnessed a solid jump of 52% in the past six months, outpacing the Nasdaq-100 Technology Sector index's gains of 6.5% handsomely during this period as the company's recent results have been good enough to boost investors' confidence following an IT outage in July last year that sent its shares plunging.
This impressive rally has brought CrowdStrike's share price to just over $400. Does this mean this cybersecurity company could consider splitting its stock? Let's find out.
A forward stock split is nothing but a cosmetic move that's used to bring down the price of each share of a company by increasing the number of outstanding shares. For instance, if you hold one share of CrowdStrike and management announces a 2-for-1 stock split, you will have two shares once the split comes into effect. However, the value of your holdings won't change as the price of each CrowdStrike share will be halved following the split.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is one of the favorites of our community with 99 Buy predictions and 1 Sell predictions.
As a result the target price of 196 € shows a slightly positive potential of 5.69% compared to the current price of 185.44 € for CrowdStrike Holdings Inc.
