Harvest Fund Management Co. Ltd Sells 1,682 Shares of CrowdStrike (NASDAQ:CRWD)

Harvest Fund Management Co. Ltd trimmed its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 10.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 14,994 shares of the company’s stock after selling 1,682 shares during the period. Harvest Fund Management Co. Ltd’s holdings in CrowdStrike were worth $5,284,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Banque Cantonale Vaudoise acquired a new stake in CrowdStrike in the 1st quarter valued at about $4,002,000. Geneos Wealth Management Inc. lifted its stake in CrowdStrike by 48.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 26,771 shares of the company’s stock valued at $9,439,000 after purchasing an additional 8,710 shares during the last quarter. Cozad Asset Management Inc. lifted its stake in CrowdStrike by 15.2% in the 1st quarter. Cozad Asset Management Inc. now owns 1,520 shares of the company’s stock valued at $536,000 after purchasing an additional 200 shares during the last quarter. Renaissance Investment Group LLC lifted its stake in CrowdStrike by 14.9% in the 1st quarter. Renaissance Investment Group LLC now owns 26,806 shares of the company’s stock valued at $9,451,000 after purchasing an additional 3,482 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in CrowdStrike in the 1st quarter valued at about $143,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the completion of the sale, the director directly owned 781,011 shares of the company’s stock, valued at $400,213,466.73. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Johanna Flower sold 2,073 shares of the business’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the transaction, the director owned 81,383 shares in the company, valued at approximately $38,592,632.43. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 241,820 shares of company stock valued at $113,297,985. 3.32% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on CRWD shares. DZ Bank cut shares of CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 price target on the stock. in a report on Thursday, May 22nd. Canaccord Genuity Group reissued a “hold” rating and issued a $475.00 price target (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Macquarie started coverage on shares of CrowdStrike in a report on Thursday, July 17th. They issued a “neutral” rating and a $465.00 price target on the stock. Scotiabank increased their price target on shares of CrowdStrike from $370.00 to $480.00 and gave the company a “sector perform” rating in a report on Wednesday, June 4th. Finally, Roth Capital increased their price target on shares of CrowdStrike from $410.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $461.17.

CrowdStrike Trading Up 0.9%

CRWD opened at $472.18 on Tuesday. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a market cap of $117.69 billion, a P/E ratio of -684.32 and a beta of 1.16. The company has a fifty day moving average price of $478.45 and a two-hundred day moving average price of $420.40.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The business’s revenue was up 19.8% compared to the same quarter last year. Analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.