Veracity Capital LLC Has $678,000 Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Veracity Capital LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,115 shares of the company’s stock after purchasing an additional 365 shares during the quarter. Veracity Capital LLC’s holdings in CrowdStrike were worth $678,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Morgan Stanley boosted its stake in CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after buying an additional 2,757,251 shares in the last quarter. Norges Bank acquired a new stake in CrowdStrike in the fourth quarter valued at about $683,336,000. Pathstone Holdings LLC acquired a new stake in CrowdStrike in the fourth quarter valued at about $450,418,000. Jennison Associates LLC boosted its stake in CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after buying an additional 1,581,796 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Up 0.6 %

Shares of NASDAQ:CRWD traded up $2.13 during mid-day trading on Thursday, hitting $387.18. 1,456,774 shares of the company traded hands, compared to its average volume of 8,017,384. The stock has a market cap of $94.22 billion, a P/E ratio of 730.54, a P/E/G ratio of 19.41 and a beta of 1.10. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike Holdings, Inc. has a 12-month low of $139.37 and a 12-month high of $394.64. The stock has a 50-day moving average price of $347.10 and a two-hundred day moving average price of $316.72.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $4,086,063.05. Following the transaction, the president now owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $4,086,063.05. Following the sale, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,675 shares of company stock valued at $76,681,402. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of several research analyst reports. BTIG Research reduced their price objective on CrowdStrike from $432.00 to $402.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Evercore ISI lifted their price target on CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Jefferies Financial Group lifted their price target on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Piper Sandler lowered CrowdStrike from an “overweight” rating to a “neutral” rating and set a $400.00 price target on the stock. in a research note on Tuesday. Finally, Barclays lifted their price target on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $382.35.

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.