Callan Capital LLC Acquires New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Callan Capital LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 3,522 shares of the company’s stock, valued at approximately $899,000.

Other hedge funds have also recently added to or reduced their stakes in the company. HB Wealth Management LLC increased its holdings in CrowdStrike by 22.3% in the third quarter. HB Wealth Management LLC now owns 1,726 shares of the company’s stock valued at $289,000 after buying an additional 315 shares in the last quarter. Capital Investment Advisors LLC purchased a new position in CrowdStrike in the third quarter valued at about $277,000. DAVENPORT & Co LLC increased its holdings in CrowdStrike by 42.6% in the third quarter. DAVENPORT & Co LLC now owns 2,813 shares of the company’s stock valued at $471,000 after buying an additional 841 shares in the last quarter. Founders Financial Securities LLC increased its holdings in CrowdStrike by 12.3% in the third quarter. Founders Financial Securities LLC now owns 1,580 shares of the company’s stock valued at $264,000 after buying an additional 173 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in CrowdStrike by 70.8% in the third quarter. Exchange Traded Concepts LLC now owns 9,552 shares of the company’s stock valued at $1,599,000 after buying an additional 3,960 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CRWD shares. Wells Fargo & Company increased their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Guggenheim raised their price objective on shares of CrowdStrike from $358.00 to $424.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Sanford C. Bernstein initiated coverage on shares of CrowdStrike in a research note on Thursday, January 18th. They set an “outperform” rating and a $334.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, UBS Group raised their price objective on shares of CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $371.87.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the transaction, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock valued at $72,113,932 in the last quarter. Insiders own 5.68% of the company’s stock.

CrowdStrike Stock Up 2.0 %

Shares of CRWD traded up $6.05 during midday trading on Friday, hitting $304.07. The company had a trading volume of 2,007,839 shares, compared to its average volume of 2,018,688. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a 52 week low of $115.67 and a 52 week high of $365.00. The company’s 50 day moving average price is $314.71 and its 200 day moving average price is $268.13. The stock has a market cap of $73.55 billion, a price-to-earnings ratio of 844.66, a PEG ratio of 11.92 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The business had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

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.