Harbour Investments Inc. Has $1.91 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Harbour Investments Inc. lowered its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,793 shares of the company’s stock after selling 168 shares during the quarter. Harbour Investments Inc.’s holdings in CrowdStrike were worth $1,905,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quent Capital LLC increased its position in shares of CrowdStrike by 59.9% during the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after acquiring an additional 88 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in CrowdStrike by 82.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 1,994 shares of the company’s stock worth $639,000 after purchasing an additional 904 shares in the last quarter. TBH Global Asset Management LLC purchased a new stake in shares of CrowdStrike in the first quarter worth approximately $435,000. Kingsview Wealth Management LLC lifted its holdings in shares of CrowdStrike by 2.6% in the first quarter. Kingsview Wealth Management LLC now owns 6,731 shares of the company’s stock valued at $2,158,000 after purchasing an additional 169 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in CrowdStrike during the first quarter worth $4,140,000. Institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CRWD. Argus dropped their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Needham & Company LLC initiated coverage on shares of CrowdStrike in a report on Monday, September 23rd. They set a “buy” rating and a $360.00 price target on the stock. Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. Sanford C. Bernstein cut their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Finally, Redburn Atlantic downgraded CrowdStrike from a “neutral” rating to a “sell” rating and decreased their price target for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Stock Performance

CrowdStrike stock opened at $347.88 on Thursday. CrowdStrike Holdings, Inc. has a 1-year low of $198.86 and a 1-year high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $85.28 billion, a PE ratio of 504.17, a price-to-earnings-growth ratio of 23.22 and a beta of 1.10. The firm’s 50 day simple moving average is $292.46 and its 200 day simple moving average is $309.39.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share. As a group, analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 shares of the firm’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 sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,248 shares of company stock valued at $31,103,350. 4.34% of the stock is owned by corporate insiders.

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.