Good Life Advisors LLC Sells 975 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Good Life Advisors LLC lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 27.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,568 shares of the company’s stock after selling 975 shares during the quarter. Good Life Advisors LLC’s holdings in CrowdStrike were worth $879,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after purchasing an additional 920,695 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after purchasing an additional 712,900 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after purchasing an additional 371,695 shares during the last quarter. Finally, State Street Corp boosted its stake in CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Down 1.1 %

NASDAQ:CRWD opened at $450.14 on Thursday. The company has a market cap of $110.87 billion, a price-to-earnings ratio of 882.64, a P/E/G ratio of 18.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock’s fifty day moving average price is $382.58 and its two-hundred day moving average price is $327.63. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59.

Analyst Upgrades and Downgrades

Several research analysts have commented on CRWD shares. Royal Bank of Canada lifted their price target on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Bank of America upped their target price on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Citigroup increased their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Friday, January 17th. Scotiabank boosted their price objective on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Finally, Cantor Fitzgerald increased their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $379.73.

Insider Activity

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,565 shares of company stock valued at $51,038,529 over the last 90 days. 4.34% of the stock is owned by company insiders.

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.