Good Life Advisors LLC raised its position in CrowdStrike (NASDAQ:CRWD – Free Report) by 14.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,816 shares of the company’s stock after acquiring an additional 227 shares during the quarter. Good Life Advisors LLC’s holdings in CrowdStrike were worth $925,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of CrowdStrike by 44.9% during the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock worth $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of CrowdStrike in the 1st quarter valued at about $798,000. Wealthfront Advisers LLC raised its position in shares of CrowdStrike by 11.1% during the 1st quarter. Wealthfront Advisers LLC now owns 21,449 shares of the company’s stock worth $7,562,000 after acquiring an additional 2,146 shares in the last quarter. Sage Mountain Advisors LLC raised its position in shares of CrowdStrike by 23.0% during the 1st quarter. Sage Mountain Advisors LLC now owns 851 shares of the company’s stock worth $300,000 after acquiring an additional 159 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in CrowdStrike by 73.2% during the first quarter. Larson Financial Group LLC now owns 2,356 shares of the company’s stock worth $831,000 after purchasing an additional 996 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.
CrowdStrike Stock Down 2.9%
CrowdStrike stock opened at $529.78 on Friday. The stock has a market capitalization of $132.95 billion, a price-to-earnings ratio of -445.19, a PEG ratio of 128.27 and a beta of 1.16. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $497.35 and a two-hundred day moving average of $470.67. CrowdStrike has a twelve month low of $298.00 and a twelve month high of $566.90.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Robert W. Baird raised their price objective on shares of CrowdStrike from $460.00 to $490.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Stifel Nicolaus increased their target price on shares of CrowdStrike from $495.00 to $515.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a research note on Tuesday, September 23rd. JMP Securities upped their price objective on shares of CrowdStrike from $500.00 to $550.00 and gave the company a “market outperform” rating in a research note on Tuesday, September 23rd. Finally, DA Davidson raised their price objective on CrowdStrike from $490.00 to $515.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $513.49.
Read Our Latest Stock Analysis on CrowdStrike
Insider Buying and Selling
In other news, Director Sameer K. Gandhi sold 5,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $550.20, for a total transaction of $2,751,000.00. Following the completion of the transaction, the director directly owned 765,456 shares of the company’s stock, valued at approximately $421,153,891.20. This represents a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 1,957 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $550.41, for a total value of $1,077,152.37. Following the completion of the transaction, the chief financial officer owned 218,467 shares of the company’s stock, valued at $120,246,421.47. The trade was a 0.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 116,622 shares of company stock worth $58,561,456 in the last three months. Company insiders own 3.32% of the company’s stock.
CrowdStrike Company Profile
CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.
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