Harold Davidson & Associates Inc. Has $6.52 Million Stock Holdings in CrowdStrike $CRWD

Harold Davidson & Associates Inc. increased its stake in CrowdStrike (NASDAQ:CRWD) by 59.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,301 shares of the company’s stock after purchasing an additional 4,956 shares during the quarter. CrowdStrike comprises about 3.0% of Harold Davidson & Associates Inc.’s holdings, making the stock its 6th largest position. Harold Davidson & Associates Inc.’s holdings in CrowdStrike were worth $6,523,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC increased its holdings in CrowdStrike by 54,635.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after acquiring an additional 4,285,640 shares during the period. Norges Bank bought a new position in CrowdStrike in the 2nd quarter valued at $1,638,365,000. Vestor Capital LLC grew its position in shares of CrowdStrike by 269,840.3% during the 2nd quarter. Vestor Capital LLC now owns 977,184 shares of the company’s stock valued at $497,690,000 after purchasing an additional 976,822 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of CrowdStrike by 2.6% in the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock worth $11,933,425,000 after purchasing an additional 596,007 shares during the period. Finally, State Street Corp raised its position in shares of CrowdStrike by 3.6% in the second quarter. State Street Corp now owns 10,804,651 shares of the company’s stock worth $5,502,917,000 after buying an additional 370,965 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Denis Oleary sold 7,750 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $515.44, for a total value of $3,994,660.00. Following the transaction, the director owned 10,816 shares in the company, valued at approximately $5,574,999.04. The trade was a 41.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 11,461 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the sale, the president owned 342,655 shares of the company’s stock, valued at approximately $164,399,015.90. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 100,247 shares of company stock valued at $45,722,274. 3.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Stephens restated an “overweight” rating and issued a $590.00 target price on shares of CrowdStrike in a research note on Thursday, December 18th. Capital One Financial dropped their target price on shares of CrowdStrike from $600.00 to $590.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Scotiabank reissued an “outperform” rating on shares of CrowdStrike in a report on Wednesday, December 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of CrowdStrike in a research report on Monday, December 29th. Finally, Evercore upped their target price on shares of CrowdStrike from $430.00 to $460.00 and gave the stock an “in-line” rating in a research report on Wednesday, December 3rd. Thirty equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $550.09.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $415.76 on Thursday. The company has a 50-day simple moving average of $454.68 and a two-hundred day simple moving average of $472.59. CrowdStrike has a 12-month low of $298.00 and a 12-month high of $566.90. The firm has a market cap of $104.81 billion, a price-to-earnings ratio of -329.97, a PEG ratio of 23.71 and a beta of 1.03. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.94 by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. On average, equities analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

CrowdStrike Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.