Harbor Investment Advisory LLC Purchases 886 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Harbor Investment Advisory LLC boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,843 shares of the company’s stock after acquiring an additional 886 shares during the quarter. Harbor Investment Advisory LLC’s holdings in CrowdStrike were worth $2,761,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after acquiring an additional 315,280 shares during the last quarter. Legal & General Group Plc increased its holdings in CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after purchasing an additional 60,607 shares in the last quarter. Ameriprise Financial Inc. raised its position in CrowdStrike by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after purchasing an additional 77,100 shares during the last quarter. Pathstone Holdings LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth about $450,418,000. Finally, Bank of New York Mellon Corp increased its stake in shares of CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after buying an additional 564,662 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other CrowdStrike news, President Michael Sentonas sold 10,776 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the transaction, the president now directly owns 400,390 shares in the company, valued at $119,027,939.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,962 shares of company stock worth $28,774,798 over the last quarter. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

NASDAQ CRWD traded up $8.49 during trading hours on Friday, reaching $292.24. 3,121,193 shares of the company were exchanged, compared to its average volume of 5,277,903. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $71.12 billion, a P/E ratio of 551.40, a P/E/G ratio of 19.60 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 1 year low of $160.92 and a 1 year high of $398.33. The business’s 50 day simple moving average is $261.84 and its 200-day simple moving average is $309.68.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several analyst reports. Citigroup dropped their price target on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $290.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and increased their target price for the company from $302.00 to $339.00 in a research report on Friday, August 30th. Jefferies Financial Group boosted their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, The Goldman Sachs Group lowered their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $326.50.

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.