LifeWealth Investments LLC purchased a new stake in CrowdStrike (NASDAQ:CRWD – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 598 shares of the company’s stock, valued at approximately $305,000.
A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock valued at $8,051,011,000 after acquiring an additional 908,554 shares during the period. Jennison Associates LLC grew its position in CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in CrowdStrike by 52.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock valued at $977,149,000 after acquiring an additional 955,529 shares during the period. Goldman Sachs Group Inc. grew its position in CrowdStrike by 39.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock valued at $939,747,000 after acquiring an additional 760,222 shares during the period. Finally, Invesco Ltd. grew its position in CrowdStrike by 16.4% in the first quarter. Invesco Ltd. now owns 2,506,418 shares of the company’s stock valued at $883,713,000 after acquiring an additional 352,473 shares during the period. 71.16% of the stock is currently owned by institutional investors.
CrowdStrike Trading Up 4.4%
Shares of CRWD opened at $521.98 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 12-month low of $294.68 and a 12-month high of $522.43. The firm has a market capitalization of $131.00 billion, a PE ratio of -438.63, a price-to-earnings-growth ratio of 117.52 and a beta of 1.19. The stock’s fifty day simple moving average is $461.36 and its 200-day simple moving average is $452.92.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. Bank of America upped their price target on CrowdStrike from $470.00 to $535.00 and gave the company a “neutral” rating in a research report on Monday. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Wednesday, October 15th. The Goldman Sachs Group boosted their price objective on CrowdStrike from $492.00 to $535.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Rosenblatt Securities reissued a “buy” rating and issued a $490.00 price objective on shares of CrowdStrike in a research note on Thursday, September 18th. Finally, Capital One Financial boosted their price objective on CrowdStrike from $495.00 to $519.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $496.47.
Check Out Our Latest Analysis on CRWD
Insider Transactions at CrowdStrike
In other CrowdStrike news, CEO George Kurtz sold 42,267 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the transaction, the chief executive officer owned 2,132,887 shares of the company’s stock, valued at approximately $960,801,606.89. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Michael Sentonas sold 20,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total value of $10,000,000.00. Following the transaction, the president owned 379,116 shares of the company’s stock, valued at $189,558,000. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,090 shares of company stock worth $75,500,649. 3.32% of the stock is owned by insiders.
CrowdStrike 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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