Callahan Advisors LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Callahan Advisors LLC purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, Holdings Channel reports. The firm purchased 640 shares of the company’s stock, valued at approximately $219,000.

A number of other large investors also recently modified their holdings of CRWD. Proactive Wealth Strategies LLC increased its holdings in CrowdStrike by 94.5% in the 4th quarter. Proactive Wealth Strategies LLC now owns 2,264 shares of the company’s stock worth $775,000 after purchasing an additional 1,100 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of CrowdStrike by 14.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 33,801 shares of the company’s stock worth $11,565,000 after purchasing an additional 4,378 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of CrowdStrike by 165.0% during the fourth quarter. Venturi Wealth Management LLC now owns 5,156 shares of the company’s stock worth $1,764,000 after purchasing an additional 3,210 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of CrowdStrike by 2.9% in the fourth quarter. D.A. Davidson & CO. now owns 37,910 shares of the company’s stock valued at $12,971,000 after buying an additional 1,052 shares during the period. Finally, Empower Advisory Group LLC raised its holdings in CrowdStrike by 5.3% in the 4th quarter. Empower Advisory Group LLC now owns 4,174 shares of the company’s stock valued at $1,428,000 after buying an additional 210 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the transaction, the insider now owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the transaction, the president now owns 389,589 shares in the company, valued at $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 132,565 shares of company stock worth $49,235,849. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $455.18 on Wednesday. The firm has a market cap of $112.12 billion, a price-to-earnings ratio of 892.53, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. The stock has a fifty day simple moving average of $380.83 and a two-hundred day simple moving average of $326.77. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.44.

Analysts Set New Price Targets

A number of research firms have weighed in on CRWD. Wells Fargo & Company boosted their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Oppenheimer boosted their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Morgan Stanley raised their target price on CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Rosenblatt Securities upped their price target on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, JMP Securities reissued a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. One research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $376.00.

About CrowdStrike

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.