Harbor Advisors LLC Buys 2,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Harbor Advisors LLC raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 47.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,250 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Harbor Advisors LLC’s holdings in CrowdStrike were worth $1,753,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike in the 2nd quarter worth about $25,000. Oakworth Capital Inc. bought a new position in shares of CrowdStrike in the 3rd quarter valued at about $28,000. Tsfg LLC increased its holdings in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares during the last quarter. Family Firm Inc. acquired a new position in shares of CrowdStrike in the second quarter valued at $30,000. Finally, Castleview Partners LLC acquired a new stake in CrowdStrike during the third quarter worth about $32,000. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRWD. Oppenheimer upped their target price on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Royal Bank of Canada decreased their price target on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. BMO Capital Markets upped their price objective on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI boosted their target price on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.80.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $346.80 on Tuesday. The firm has a market capitalization of $85.01 billion, a price-to-earnings ratio of 680.01, a PEG ratio of 20.26 and a beta of 1.11. The business’s 50-day moving average price is $315.80 and its 200-day moving average price is $312.87. The company has a current ratio of 1.86, a quick ratio of 1.90 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $982.80 million. During the same period last year, the company posted $0.16 EPS. CrowdStrike’s quarterly revenue was up 28.5% compared to the same quarter last year. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.5 EPS for the current year.

Insider Activity

In related news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. The trade was a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,248 shares of company stock worth $42,933,010. 4.34% of the stock is currently owned by insiders.

CrowdStrike Company 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.