Lifeworks Advisors LLC Has $329,000 Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Lifeworks Advisors LLC raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 961 shares of the company’s stock after purchasing an additional 121 shares during the quarter. Lifeworks Advisors LLC’s holdings in CrowdStrike were worth $329,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Graypoint LLC boosted its position in CrowdStrike by 57.2% during the 3rd quarter. Graypoint LLC now owns 860 shares of the company’s stock worth $241,000 after acquiring an additional 313 shares during the period. Cozad Asset Management Inc. raised its stake in CrowdStrike by 55.6% during the 3rd quarter. Cozad Asset Management Inc. now owns 1,313 shares of the company’s stock valued at $368,000 after purchasing an additional 469 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in CrowdStrike in the 3rd quarter valued at $53,000. Hollencrest Capital Management grew its position in CrowdStrike by 34.9% in the 3rd quarter. Hollencrest Capital Management now owns 688 shares of the company’s stock worth $193,000 after purchasing an additional 178 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new position in shares of CrowdStrike during the 3rd quarter worth about $630,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRWD. Canaccord Genuity Group increased their target price on shares of CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective on the stock. in a research report on Wednesday, November 27th. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday. Mizuho boosted their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, UBS Group reduced their price objective on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $400.10.

Insider Activity

In related news, CEO George Kurtz sold 18,071 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the sale, the chief executive officer now directly owns 2,159,935 shares in the company, valued at $776,928,619.50. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock valued at $38,387,254 in the last 90 days. 4.34% of the stock is owned by company insiders.

CrowdStrike Trading Down 4.1 %

Shares of NASDAQ CRWD opened at $333.50 on Friday. The company’s 50 day simple moving average is $387.07 and its 200 day simple moving average is $339.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The firm has a market capitalization of $82.14 billion, a P/E ratio of 653.93, a P/E/G ratio of 17.86 and a beta of 1.19.

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.