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

Virtu Financial LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,872 shares of the company's stock after purchasing an additional 6,510 shares during the quarter. CrowdStrike makes up about 0.5% of Virtu Financial LLC's holdings, making the stock its 18th biggest holding. Virtu Financial LLC's holdings in CrowdStrike were worth $10,221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike in the 4th quarter valued at approximately $27,000. FPC Investment Advisory Inc. raised its holdings in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Fortitude Family Office LLC lifted its position in 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. Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $34,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

CRWD traded up $4.98 during midday trading on Monday, reaching $367.22. The company had a trading volume of 1,872,616 shares, compared to its average volume of 4,759,422. The business has a 50-day moving average of $386.53 and a two-hundred day moving average of $345.25. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a market cap of $91.02 billion, a P/E ratio of 720.05, a P/E/G ratio of 17.86 and a beta of 1.19.

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Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRWD. Truist Financial lifted their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Bank of America lifted their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Raymond James downgraded CrowdStrike from an "outperform" rating to a "cautious" rating in a research note on Monday, March 10th. Barclays reduced their price objective on CrowdStrike from $506.00 to $475.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Finally, Morgan Stanley began coverage on CrowdStrike in a report on Tuesday, March 18th. They issued an "overweight" rating on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus price target of $399.51.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 2,858 shares of the company's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the completion of the transaction, the chief accounting officer now owns 38,201 shares of the company's stock, valued at $13,916,242.29. This represents a 6.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now directly owns 98,214 shares in the company, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,858 shares of company stock worth $21,288,706. 4.34% of the stock is owned by company 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.