Harvest Fund Management Co. Ltd Acquires 5,948 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Harvest Fund Management Co. Ltd boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 55.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,676 shares of the company’s stock after acquiring an additional 5,948 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in CrowdStrike were worth $5,677,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Jacobi Capital Management LLC raised its position in CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after acquiring an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after acquiring an additional 27 shares in the last quarter. Wintrust Investments LLC raised its position in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after acquiring an additional 29 shares in the last quarter. Synergy Financial Group LTD raised its position in CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after acquiring an additional 30 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its position in CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock valued at $265,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 0.5 %

Shares of NASDAQ CRWD opened at $363.15 on Wednesday. The stock has a market cap of $89.45 billion, a PE ratio of 712.07, a PEG ratio of 17.86 and a beta of 1.19. The business has a fifty day moving average of $385.73 and a two-hundred day moving average of $343.12. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 5,505 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $1,973,377.35. Following the completion of the transaction, the insider now directly owns 110,293 shares of the company’s stock, valued at $39,536,731.71. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,315 shares of company stock valued at $38,319,124. 4.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CRWD shares. Oppenheimer increased their price target on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Mizuho increased their price target on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Morgan Stanley started coverage on CrowdStrike in a report on Tuesday. They set an “overweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.78.

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.