Allen Capital Group LLC Makes New $806,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Allen Capital Group LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,357 shares of the company’s stock, valued at approximately $806,000.

Other hedge funds have also bought and sold shares of the company. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at $27,000. Oakworth Capital Inc. purchased a new stake in CrowdStrike in the third quarter worth $28,000. Fortitude Family Office LLC raised its stake in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the period. Tsfg LLC grew its stake in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares during the period. Finally, Castleview Partners LLC bought a new position in shares of CrowdStrike during the 3rd quarter worth $32,000. 71.16% of the stock is currently owned by institutional investors.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now directly owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,351 shares of company stock valued at $38,935,113. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 2.6 %

Shares of CRWD stock opened at $398.14 on Wednesday. The company has a market cap of $98.07 billion, a PE ratio of 776.43, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock’s 50 day simple moving average is $360.37 and its two-hundred day simple moving average is $311.65. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $411.30.

Wall Street Analyst Weigh In

Several research firms have issued reports on CRWD. The Goldman Sachs Group increased their target price on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a report on Thursday, October 17th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Finally, BMO Capital Markets boosted their price objective on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $369.00.

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.