Harbor Capital Advisors Inc. Decreases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Harbor Capital Advisors Inc. reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,064 shares of the company’s stock after selling 457 shares during the period. Harbor Capital Advisors Inc.’s holdings in CrowdStrike were worth $1,048,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of CrowdStrike by 2.0% in the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after acquiring an additional 97,990 shares during the period. Legal & General Group Plc grew its stake in CrowdStrike by 3.0% during the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after acquiring an additional 60,607 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in CrowdStrike by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after acquiring an additional 77,100 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the sale, the insider now owns 115,798 shares of the company’s stock, valued at $42,629,875.72. The trade was a 3.74 % 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 Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the transaction, the director now directly owns 811,842 shares of the company’s stock, valued at $280,613,187.30. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,351 shares of company stock worth $37,515,473 in the last quarter. 4.34% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Susquehanna boosted their target price on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Royal Bank of Canada upped their target price on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Cantor Fitzgerald lifted their price target on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, Barclays upped their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $365.88.

CrowdStrike Stock Performance

CrowdStrike stock opened at $341.46 on Tuesday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The stock’s 50 day simple moving average is $353.02 and its two-hundred day simple moving average is $312.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market cap of $84.11 billion, a price-to-earnings ratio of 669.54, a PEG ratio of 19.48 and a beta of 1.14.

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.