Bellwether Advisors LLC Takes $37,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bellwether Advisors LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 109 shares of the company’s stock, valued at approximately $37,000.

Several other hedge funds also recently modified their holdings of CRWD. Advisory Resource Group grew its holdings in shares of CrowdStrike by 37.9% in the 3rd quarter. Advisory Resource Group now owns 4,025 shares of the company’s stock valued at $1,129,000 after acquiring an additional 1,106 shares in the last quarter. Westside Investment Management Inc. grew its holdings in CrowdStrike by 44.7% during the third quarter. Westside Investment Management Inc. now owns 4,988 shares of the company’s stock worth $1,397,000 after purchasing an additional 1,542 shares during the period. SOA Wealth Advisors LLC. grew its holdings in CrowdStrike by 25.5% during the third quarter. SOA Wealth Advisors LLC. now owns 241 shares of the company’s stock worth $68,000 after purchasing an additional 49 shares during the period. Pine Valley Investments Ltd Liability Co grew its holdings in CrowdStrike by 6.5% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 3,865 shares of the company’s stock worth $1,084,000 after purchasing an additional 236 shares during the period. Finally, World Investment Advisors LLC grew its holdings in CrowdStrike by 24.7% during the third quarter. World Investment Advisors LLC now owns 2,514 shares of the company’s stock worth $705,000 after purchasing an additional 498 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 0.4 %

NASDAQ CRWD opened at $423.08 on Tuesday. The company has a market cap of $104.87 billion, a price-to-earnings ratio of 829.58, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. 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 business’s fifty day moving average is $369.42 and its 200 day moving average is $362.82.

Analysts Set New Price Targets

CRWD has been the subject of a number of research analyst reports. Stephens initiated coverage on CrowdStrike in a report on Tuesday, April 1st. They set an “overweight” rating and a $450.00 price target for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $440.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. DA Davidson boosted their price objective on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Citigroup restated a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $400.76.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the sale, the director now directly owns 768,092 shares in the company, valued at $248,984,702.72. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,875 shares of company stock worth $50,491,736. 4.34% of the stock is currently owned by insiders.

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.