Harmony Asset Management LLC Has $664,000 Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Harmony Asset Management LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,366 shares of the company’s stock after buying an additional 400 shares during the period. Harmony Asset Management LLC’s holdings in CrowdStrike were worth $664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arlington Financial Advisors LLC increased its position in shares of CrowdStrike by 1.5% during the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after purchasing an additional 30 shares during the last quarter. Sunpointe LLC raised its stake in CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after purchasing an additional 34 shares in the last quarter. Hilltop Holdings Inc. increased its stake in CrowdStrike by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after buying an additional 34 shares in the last quarter. Means Investment CO. Inc. boosted its holdings in shares of CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after acquiring an additional 35 shares in the last quarter. Finally, Interchange Capital Partners LLC increased its holdings in CrowdStrike by 1.1% in the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $346.80 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $85.01 billion, a PE ratio of 680.01, a price-to-earnings-growth ratio of 20.26 and a beta of 1.11. The stock’s 50-day moving average price is $315.80 and its 200-day moving average price is $312.87. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, November 26th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $982.80 million. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company’s quarterly revenue was up 28.5% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the transaction, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 138,248 shares of company stock valued at $42,933,010. 4.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on CRWD shares. Susquehanna raised their price objective on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Stifel Nicolaus boosted their price target on CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. KeyCorp increased their price target on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, DA Davidson restated a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.80.

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.