Veracity Capital LLC Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Veracity Capital LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.9% in the 1st quarter, HoldingsChannel reports. The firm 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.

Several other hedge funds and other institutional investors have also made changes to their positions in CRWD. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike in the first quarter valued at approximately $30,000. CVA Family Office LLC acquired a new stake in CrowdStrike during the fourth quarter worth approximately $26,000. Hexagon Capital Partners LLC acquired a new stake in CrowdStrike during the fourth quarter worth approximately $26,000. Future Financial Wealth Managment LLC acquired a new stake in CrowdStrike during the first quarter worth approximately $32,000. Finally, MCF Advisors LLC acquired a new stake in CrowdStrike during the first quarter worth approximately $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of a number of research analyst reports. Guggenheim reissued a “buy” rating and set a $424.00 price objective on shares of CrowdStrike in a report on Tuesday, June 25th. DA Davidson lowered their target price on shares of CrowdStrike from $425.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Susquehanna raised their target price on shares of CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. Citigroup raised their target price on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, KeyCorp raised their target price on shares of CrowdStrike from $380.00 to $440.00 and gave the stock an “overweight” rating in a research report on Tuesday. Two investment 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $382.35.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now owns 208,961 shares in the company, valued at approximately $64,525,067.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the sale, the chief executive officer now owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Insiders sold 219,675 shares of company stock worth $76,681,402 in the last 90 days. 4.34% of the stock is owned by company insiders.

CrowdStrike Trading Up 0.6 %

CRWD traded up $2.13 during midday trading on Thursday, hitting $387.18. The company’s stock had a trading volume of 1,456,774 shares, compared to its average volume of 8,017,384. 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 firm has a market cap of $94.22 billion, a P/E ratio of 730.54, a PEG ratio of 19.41 and a beta of 1.10. The firm has a 50-day moving average price of $347.10 and a two-hundred day moving average price of $316.72. CrowdStrike Holdings, Inc. has a 52-week low of $139.37 and a 52-week high of $394.64.

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

About CrowdStrike

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.