Callahan Advisors LLC Invests $219,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Callahan Advisors LLC acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 640 shares of the company's stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWD. Castleview Partners LLC bought a new stake in CrowdStrike during the 3rd quarter worth about $32,000. Everence Capital Management Inc. bought a new stake in shares of CrowdStrike in the 3rd quarter valued at about $527,000. Whittier Trust Co. increased its stake in shares of CrowdStrike by 2,508.8% in the 3rd quarter. Whittier Trust Co. now owns 21,992 shares of the company's stock valued at $6,168,000 after acquiring an additional 21,149 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of CrowdStrike by 3,278.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,764 shares of the company's stock valued at $2,738,000 after acquiring an additional 9,475 shares during the last quarter. Finally, Telos Capital Management Inc. bought a new stake in shares of CrowdStrike in the 3rd quarter valued at about $505,000. 71.16% of the stock is owned by institutional investors.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. 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 ninety days. 4.34% of the stock is owned by corporate insiders.

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CrowdStrike Price Performance

Shares of NASDAQ CRWD traded down $29.53 during mid-day trading on Friday, reaching $406.61. The company had a trading volume of 5,588,416 shares, compared to its average volume of 3,150,410. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The firm has a market cap of $100.15 billion, a price-to-earnings ratio of 797.30, a PEG ratio of 17.86 and a beta of 1.16. The business's 50-day simple moving average is $384.76 and its 200 day simple moving average is $330.35.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CRWD shares. Morgan Stanley upped their price target on CrowdStrike from $390.00 to $429.00 and gave the company an "overweight" rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on CrowdStrike from $372.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, December 24th. Hsbc Global Res cut CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Susquehanna upped their price target on CrowdStrike from $310.00 to $400.00 and gave the company a "positive" rating in a research note on Wednesday, November 27th. Finally, CICC Research initiated coverage on CrowdStrike in a research report on Monday, November 18th. They issued a "market perform" rating and a $295.00 price objective for the company. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company 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.