Harvest Investment Services LLC Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Harvest Investment Services LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 18.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,404 shares of the company's stock after buying an additional 696 shares during the quarter. Harvest Investment Services LLC's holdings in CrowdStrike were worth $1,507,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new position in CrowdStrike in the 4th quarter worth about $27,000. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after buying an additional 73 shares during the last quarter. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth $34,000. Finally, Crowley Wealth Management Inc. bought a new position in CrowdStrike in the fourth quarter valued at about $34,000. 71.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRWD shares. Canaccord Genuity Group increased their price target on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. The Goldman Sachs Group reissued a "buy" rating on shares of CrowdStrike in a report on Wednesday, March 5th. BMO Capital Markets lifted their price objective on CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Stifel Nicolaus lowered their price target on shares of CrowdStrike from $475.00 to $435.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Finally, Citigroup reissued a "buy" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $400.76.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 13,543 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the transaction, the president now owns 405,308 shares in the company, valued at approximately $145,351,554.96. This trade represents a 3.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the sale, the director now directly owns 805,592 shares in the company, valued at approximately $332,218,084.88. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,375 shares of company stock valued at $46,197,236 over the last ninety days. Corporate insiders own 4.34% of the company's stock.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $28.30 during trading hours on Thursday, reaching $414.05. The company had a trading volume of 4,613,695 shares, compared to its average volume of 5,048,537. The business's 50 day moving average price is $371.32 and its 200-day moving average price is $359.55. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The firm has a market cap of $102.63 billion, a PE ratio of 811.88, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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.