Clay Northam Wealth Management LLC Increases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Clay Northam Wealth Management LLC increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,004 shares of the company’s stock after acquiring an additional 68 shares during the period. CrowdStrike comprises approximately 1.8% of Clay Northam Wealth Management LLC’s portfolio, making the stock its 15th largest position. Clay Northam Wealth Management LLC’s holdings in CrowdStrike were worth $2,739,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in CRWD. Synergy Financial Group LTD raised its stake in CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after buying an additional 30 shares in the last quarter. M3 Advisory Group LLC grew its holdings in shares of CrowdStrike by 2.8% during the fourth quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock valued at $407,000 after buying an additional 32 shares during the last quarter. Meridian Financial Partners LLC boosted its holdings in CrowdStrike by 0.6% in the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock worth $1,914,000 after purchasing an additional 33 shares during the last quarter. First Affirmative Financial Network boosted its holdings in CrowdStrike by 4.2% in the fourth quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock worth $278,000 after purchasing an additional 33 shares during the last quarter. Finally, Sunpointe LLC boosted its holdings in CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after purchasing an additional 34 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $397.57 on Tuesday. The company’s fifty day moving average price is $362.61 and its 200 day moving average price is $312.29. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $411.30. The company has a market capitalization of $97.93 billion, a PE ratio of 779.56, a price-to-earnings-growth ratio of 21.13 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several analyst reports. Wedbush set a $330.00 price target on shares of CrowdStrike in a research note on Thursday, October 17th. Citigroup lifted their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Friday, January 17th. Robert W. Baird reiterated a “neutral” rating and issued a $430.00 price target (up from $390.00) on shares of CrowdStrike in a report on Monday. Needham & Company LLC boosted their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, BMO Capital Markets lifted their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $370.00.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the sale, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,351 shares of company stock valued at $38,935,113. Corporate insiders own 4.34% of the company’s stock.

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.