Virtu Financial LLC Acquires New Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Virtu Financial LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 2,401 shares of the company’s stock, valued at approximately $769,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in CrowdStrike during the fourth quarter worth about $683,336,000. Pathstone Holdings LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth about $450,418,000. Jennison Associates LLC grew its position in shares of CrowdStrike by 33.2% during the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares in the last quarter. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 1,028,405 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in CrowdStrike by 22,542.6% in the fourth quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock valued at $187,481,000 after purchasing an additional 731,057 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 2.8 %

Shares of NASDAQ CRWD opened at $217.89 on Friday. CrowdStrike Holdings, Inc. has a 12-month low of $140.52 and a 12-month high of $398.33. The company has a market cap of $53.03 billion, a P/E ratio of 411.12, a P/E/G ratio of 11.79 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. The stock has a fifty day moving average price of $342.74 and a 200 day moving average price of $324.32.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly 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). The company had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the transaction, the president now directly owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the transaction, the president now directly owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the completion of the transaction, the insider now directly owns 204,961 shares of the company’s stock, valued at $68,358,592.72. The disclosure for this sale can be found here. Insiders sold a total of 147,643 shares of company stock valued at $54,992,604 in the last ninety days. Insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CRWD shares. Wells Fargo & Company lowered their price target on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Piper Sandler lowered their price target on CrowdStrike from $400.00 to $310.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Truist Financial lowered their target price on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, Evercore ISI reduced their target price on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $351.76.

CrowdStrike Company 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.