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

Harvest Fund Management Co. Ltd boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 55.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,676 shares of the company's stock after purchasing an additional 5,948 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in CrowdStrike were worth $5,677,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Berbice Capital Management LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at $27,000. Fortitude Family Office LLC lifted its stake in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after buying an additional 44 shares in the last quarter. FPC Investment Advisory Inc. lifted its stake in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at $34,000. Finally, Legacy Bridge LLC lifted its stake in shares of CrowdStrike by 976.9% in the third quarter. Legacy Bridge LLC now owns 140 shares of the company's stock valued at $39,000 after buying an additional 127 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the sale, the director now owns 811,842 shares of the company's stock, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,315 shares of company stock valued at $38,319,124. Corporate insiders own 4.34% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have weighed in on CRWD. Bank of America raised their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Robert W. Baird dropped their price target on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. HSBC lowered shares of CrowdStrike from a "buy" rating to a "hold" rating and set a $347.00 price target on the stock. in a research report on Wednesday, November 27th. Finally, Raymond James lowered shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a research report on Monday, March 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $399.51.

CrowdStrike Price Performance

NASDAQ:CRWD traded down $6.79 during mid-day trading on Friday, hitting $362.24. 8,116,345 shares of the stock traded hands, compared to its average volume of 4,762,152. The business's 50-day moving average price is $386.53 and its 200 day moving average price is $344.11. The company has a market cap of $89.79 billion, a PE ratio of 710.29, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.