Harbor Investment Advisory LLC Boosts Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Harbor Investment Advisory LLC grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,540 shares of the company’s stock after buying an additional 697 shares during the quarter. Harbor Investment Advisory LLC’s holdings in CrowdStrike were worth $3,606,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lee Johnson Capital Management LLC raised its position in CrowdStrike by 2.7% during the fourth quarter. Lee Johnson Capital Management LLC now owns 13,801 shares of the company’s stock worth $4,722,000 after acquiring an additional 366 shares during the last quarter. Trueblood Wealth Management LLC lifted its stake in CrowdStrike by 25.9% in the 4th quarter. Trueblood Wealth Management LLC now owns 983 shares of the company’s stock valued at $336,000 after buying an additional 202 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in shares of CrowdStrike by 47.0% in the fourth quarter. Diversify Wealth Management LLC now owns 11,831 shares of the company’s stock worth $4,127,000 after acquiring an additional 3,781 shares during the last quarter. City Holding Co. purchased a new stake in shares of CrowdStrike in the fourth quarter valued at $1,454,000. Finally, Grove Bank & Trust boosted its stake in shares of CrowdStrike by 30.6% during the fourth quarter. Grove Bank & Trust now owns 226 shares of the company’s stock valued at $77,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

CrowdStrike stock opened at $357.00 on Tuesday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market capitalization of $87.93 billion, a price-to-earnings ratio of 700.01, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. The firm’s fifty day moving average price is $355.86 and its 200 day moving average price is $311.89.

Insider Activity

In other news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was 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 owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock worth $38,935,113 over the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CRWD shares. JMP Securities restated a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Monday, November 4th. Oppenheimer upped their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Barclays lifted their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Piper Sandler increased their price target on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, Rosenblatt Securities lifted their price objective on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $366.38.

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.