CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Boosted by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 118.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,271 shares of the company’s stock after purchasing an additional 2,312 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in CrowdStrike were worth $1,085,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. lifted its stake in CrowdStrike by 2.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock worth $934,000 after purchasing an additional 141 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in CrowdStrike in the fourth quarter worth $1,228,000. Financial Counselors Inc. increased its position in CrowdStrike by 3.9% in the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after buying an additional 50 shares during the period. Ferguson Wellman Capital Management Inc. increased its position in CrowdStrike by 17.1% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after buying an additional 23,265 shares during the period. Finally, Highland Capital Management LLC increased its position in CrowdStrike by 0.6% in the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after buying an additional 181 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Up 3.6 %

Shares of NASDAQ:CRWD traded up $10.50 during midday trading on Tuesday, reaching $299.65. The company had a trading volume of 2,587,367 shares, compared to its average volume of 3,591,247. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. The firm has a market cap of $72.48 billion, a price-to-earnings ratio of 832.38, a price-to-earnings-growth ratio of 11.30 and a beta of 1.05. The company has a fifty day simple moving average of $316.62 and a two-hundred day simple moving average of $266.85.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results 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 return on equity of 6.09% and a net margin of 2.92%. The business had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. Research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares in the company, valued at approximately $64,525,067.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the transaction, the chief executive officer now 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 SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the transaction, the insider now directly owns 208,961 shares in the company, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Insiders sold 223,544 shares of company stock worth $72,113,932 in the last quarter. 5.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

CRWD has been the topic of several analyst reports. Mizuho increased their target price on CrowdStrike from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Needham & Company LLC increased their target price on CrowdStrike from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. increased their target price on CrowdStrike from $350.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Robert W. Baird increased their target price on CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, Sanford C. Bernstein initiated coverage on CrowdStrike in a report on Thursday, January 18th. They set an “outperform” rating and a $334.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $371.87.

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.