Virtu Financial LLC Raises Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Virtu Financial LLC increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 27.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,872 shares of the company’s stock after purchasing an additional 6,510 shares during the quarter. CrowdStrike accounts for 0.5% of Virtu Financial LLC’s investment portfolio, making the stock its 18th biggest position. Virtu Financial LLC’s holdings in CrowdStrike were worth $10,221,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC bought a new stake in CrowdStrike in the 4th quarter worth $27,000. Fortitude Family Office LLC increased its position in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the period. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares during the period. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at about $34,000. Finally, Millstone Evans Group LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CRWD. Wells Fargo & Company boosted their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. DA Davidson upped their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Truist Financial upped their price objective on shares of CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Canaccord Genuity Group upped their price objective on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, KeyCorp cut their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $399.51.

CrowdStrike Price Performance

CrowdStrike stock opened at $362.24 on Friday. The firm has a 50-day moving average price of $386.53 and a 200-day moving average price of $344.11. The firm has a market capitalization of $89.79 billion, a PE ratio of 710.29, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares of the company’s stock, valued at $31,669,042. This trade represents a 4.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,315 shares of company stock worth $38,319,124. 4.34% of the stock is currently owned by insiders.

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.