Virtu Financial LLC Grows Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Key Points

• Virtu Financial LLC has raised its stake in **CrowdStrike (NASDAQ:CRWD)** by **84.8%**, owning **55,202 shares** valued at **$19.46 million**, making it their **7th biggest holding**.
• Notable insider transactions include Director **Roxanne S. Austin** selling **15,000 shares** worth **$7.47 million**, and CFO **Burt W. Podbere** selling **11,883 shares** for **$5.41 million**, indicating a decrease in their holdings.
• Analysts have maintained a **"Moderate Buy"** rating on CrowdStrike, with an average target price of **$461.17**, after several upgrades from various financial institutions earlier this year.

Virtu Financial LLC grew its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 84.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 55,202 shares of the company's stock after buying an additional 25,330 shares during the quarter. CrowdStrike makes up about 1.1% of Virtu Financial LLC's investment portfolio, making the stock its 7th largest holding. Virtu Financial LLC's holdings in CrowdStrike were worth $19,463,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CRWD. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike during the first quarter worth about $25,000. Vision Financial Markets LLC acquired a new position in CrowdStrike during the 1st quarter worth $26,000. Atlantic Edge Private Wealth Management LLC grew its stake in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in CrowdStrike in the 1st quarter worth about $30,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insiders Place Their Bets

In other CrowdStrike news, Director Johanna Flower sold 2,073 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total value of $983,037.33. Following the transaction, the director directly owned 81,383 shares of the company's stock, valued at $38,592,632.43. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 214,414 shares of company stock valued at $101,484,738 over the last 90 days. Company insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of several research reports. Evercore ISI reissued an "in-line" rating and set a $440.00 price target (down from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Mizuho boosted their price objective on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Rosenblatt Securities raised their price target on CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Wedbush increased their price objective on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Finally, Piper Sandler cut shares of CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price target for the company. in a report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $461.17.

CrowdStrike Trading Down 0.1%

Shares of CRWD stock traded down $0.51 during mid-day trading on Friday, hitting $424.49. 3,626,057 shares of the company's stock were exchanged, compared to its average volume of 2,730,743. CrowdStrike has a fifty-two week low of $235.60 and a fifty-two week high of $517.98. The stock has a market cap of $105.80 billion, a price-to-earnings ratio of -615.20 and a beta of 1.13. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a 50-day simple moving average of $477.04 and a two-hundred day simple moving average of $425.84.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $0.93 earnings per share. The business's revenue for the quarter was up 19.8% on a year-over-year basis. Equities analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.