Venture Visionary Partners LLC Buys New Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Posted by Defense World Staff on Jun 25th, 2023

Venture Visionary Partners LLC acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,165 shares of the company’s stock, valued at approximately $434,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRWD. Coppell Advisory Solutions Corp. acquired a new stake in CrowdStrike during the fourth quarter worth approximately $25,000. Freedom Wealth Alliance LLC acquired a new stake in CrowdStrike during the fourth quarter worth approximately $32,000. Glassman Wealth Services raised its holdings in CrowdStrike by 41.9% during the fourth quarter. Glassman Wealth Services now owns 325 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares in the last quarter. Psagot Value Holdings Ltd. Israel acquired a new stake in CrowdStrike during the fourth quarter worth approximately $37,000. Finally, Accurate Wealth Management LLC acquired a new stake in CrowdStrike during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

CrowdStrike Trading Down 1.5 %

Shares of CRWD stock opened at $143.65 on Friday. The firm has a market cap of $34.06 billion, a P/E ratio of -221.00, a PEG ratio of 89.73 and a beta of 1.02. CrowdStrike Holdings, Inc. has a 1-year low of $92.25 and a 1-year high of $205.73. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.78 and a quick ratio of 1.78. The firm’s 50-day simple moving average is $140.67 and its 200-day simple moving average is $124.60.

CrowdStrike (NASDAQ:CRWD – Get Rating) last announced its quarterly earnings data on Wednesday, May 31st. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.13. The business had revenue of $692.58 million for the quarter, compared to analyst estimates of $677.30 million. CrowdStrike had a negative net margin of 6.18% and a negative return on equity of 8.76%. As a group, equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.06 EPS for the current year.

Insider Buying and Selling

In related news, insider Shawn Henry sold 9,218 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total transaction of $1,387,124.64. Following the completion of the sale, the insider now owns 228,752 shares of the company’s stock, valued at approximately $34,422,600.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, President Michael Sentonas sold 10,551 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total value of $1,587,714.48. Following the completion of the sale, the president now owns 381,289 shares of the company’s stock, valued at $57,376,368.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 9,218 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total transaction of $1,387,124.64. Following the completion of the sale, the insider now directly owns 228,752 shares of the company’s stock, valued at approximately $34,422,600.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,479 shares of company stock valued at $13,775,178. 5.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CRWD has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of CrowdStrike from $125.00 to $128.00 in a research report on Thursday, June 1st. TheStreet upgraded shares of CrowdStrike from a “d+” rating to a “c” rating in a research report on Wednesday, May 31st. BMO Capital Markets raised their target price on shares of CrowdStrike from $153.00 to $165.00 in a research report on Thursday, June 1st. Citigroup raised their target price on shares of CrowdStrike from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Finally, JMP Securities restated a “market outperform” rating and set a $235.00 target price on shares of CrowdStrike in a research report on Wednesday, March 8th. Five equities research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $176.88.

CrowdStrike Profile

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CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.