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

Harvest Fund Management Co. Ltd trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,728 shares of the company’s stock after selling 248 shares during the period. Harvest Fund Management Co. Ltd’s holdings in CrowdStrike were worth $3,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRWD. Fisher Asset Management LLC raised its stake in shares of CrowdStrike by 17.9% in the third quarter. Fisher Asset Management LLC now owns 2,230 shares of the company’s stock worth $626,000 after purchasing an additional 339 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after acquiring an additional 712,900 shares during the period. Portman Ltd purchased a new stake in shares of CrowdStrike during the 3rd quarter worth about $433,000. Westfield Capital Management Co. LP acquired a new stake in shares of CrowdStrike during the 3rd quarter valued at about $38,838,000. Finally, Wealth Dimensions Group Ltd. increased its stake in shares of CrowdStrike by 20.3% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 956 shares of the company’s stock valued at $268,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $372.26 on Monday. The company’s 50 day simple moving average is $308.04 and its 200-day simple moving average is $311.89. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33. The firm has a market cap of $91.25 billion, a PE ratio of 539.51, a price-to-earnings-growth ratio of 26.95 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share 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 company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the business posted $0.06 EPS. The company’s revenue was up 31.7% on a year-over-year basis. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on CRWD shares. Jefferies Financial Group upped their price objective 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. Rosenblatt Securities restated a “buy” rating and set a $325.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. BNP Paribas assumed coverage on CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price objective on the stock. DA Davidson reissued a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a report on Wednesday, September 18th. Finally, Royal Bank of Canada lowered their price target on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.62.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. This represents a 4.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Michael Sentonas sold 10,776 shares of CrowdStrike stock in a transaction on 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 of the company’s stock, valued at approximately $119,027,939.20. This represents a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is owned by corporate insiders.

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.