IFP Advisors Inc Has $2.39 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

IFP Advisors Inc lessened its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,990 shares of the company’s stock after selling 1,176 shares during the period. IFP Advisors Inc’s holdings in CrowdStrike were worth $2,391,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CRWD. Allworth Financial LP grew its stake in CrowdStrike by 13.9% in the third quarter. Allworth Financial LP now owns 3,688 shares of the company’s stock valued at $1,035,000 after acquiring an additional 449 shares during the period. Modera Wealth Management LLC boosted its position in shares of CrowdStrike by 16.4% during the third quarter. Modera Wealth Management LLC now owns 3,620 shares of the company’s stock valued at $1,015,000 after buying an additional 510 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of CrowdStrike by 7.0% during the third quarter. State of Alaska Department of Revenue now owns 26,825 shares of the company’s stock valued at $7,523,000 after buying an additional 1,745 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of CrowdStrike by 50.6% during the third quarter. Nisa Investment Advisors LLC now owns 41,672 shares of the company’s stock valued at $11,688,000 after buying an additional 14,003 shares during the last quarter. Finally, Autumn Glory Partners LLC purchased a new position in shares of CrowdStrike during the third quarter valued at approximately $280,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 136,565 shares of company stock worth $51,038,529 over the last ninety days. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

CrowdStrike stock opened at $379.75 on Wednesday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The business has a 50-day simple moving average of $384.90 and a 200 day simple moving average of $333.10. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $93.54 billion, a price-to-earnings ratio of 744.62, a PEG ratio of 17.86 and a beta of 1.16.

Analysts Set New Price Targets

Several research analysts recently issued reports on CRWD shares. JPMorgan Chase & Co. lifted their target price on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Royal Bank of Canada lifted their target price on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Susquehanna lifted their target price on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research report on Wednesday, November 27th. CICC Research started coverage on CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 target price on the stock. Finally, Truist Financial lifted their price target on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $383.08.

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.