CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 43.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,396 shares of the company's stock after purchasing an additional 1,332 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in CrowdStrike were worth $1,550,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Yousif Capital Management LLC lifted its holdings in CrowdStrike by 7.8% in the first quarter. Yousif Capital Management LLC now owns 29,954 shares of the company's stock valued at $10,561,000 after acquiring an additional 2,176 shares during the last quarter. Parisi Gray Wealth Management raised its position in CrowdStrike by 50.6% in the first quarter. Parisi Gray Wealth Management now owns 4,842 shares of the company's stock valued at $1,707,000 after purchasing an additional 1,626 shares during the period. International Private Wealth Advisors LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at $237,000. Tounjian Advisory Partners LLC purchased a new position in shares of CrowdStrike during the 1st quarter worth $518,000. Finally, Pallas Capital Advisors LLC grew its holdings in shares of CrowdStrike by 17.8% during the 1st quarter. Pallas Capital Advisors LLC now owns 1,859 shares of the company's stock worth $655,000 after purchasing an additional 281 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded down $1.11 on Friday, hitting $480.62. The stock had a trading volume of 2,608,585 shares, compared to its average volume of 5,016,322. The stock has a market cap of $119.13 billion, a price-to-earnings ratio of 942.41, a P/E/G ratio of 17.86 and a beta of 1.16. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $491.20. The company's 50 day moving average price is $425.70 and its 200 day moving average price is $391.11.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. On average, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent analyst reports. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Stephens increased their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. JMP Securities reissued a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Finally, Raymond James reissued an "outperform" rating and set a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and an average price target of $453.17.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the transaction, the insider now owns 89,714 shares in the company, valued at $31,669,042. The trade was a 4.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the transaction, the president now owns 422,204 shares in the company, valued at $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 252,361 shares of company stock valued at $106,359,058. Insiders own 3.32% of the company's stock.

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.