Venturi Wealth Management LLC Purchases 63 Shares of CrowdStrike (NASDAQ:CRWD)

Venturi Wealth Management LLC boosted its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 1.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,219 shares of the company’s stock after buying an additional 63 shares during the quarter. Venturi Wealth Management LLC’s holdings in CrowdStrike were worth $1,840,000 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 CRWD. Cloud Capital Management LLC bought a new stake in shares of CrowdStrike during the 1st quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its position in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after purchasing an additional 58 shares during the period. Sound Income Strategies LLC raised its position in shares of CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock valued at $31,000 after purchasing an additional 38 shares during the period. Finally, ST Germain D J Co. Inc. raised its position in shares of CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company’s stock valued at $35,000 after purchasing an additional 81 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Down 2.1%

NASDAQ CRWD opened at $461.52 on Thursday. The company has a fifty day simple moving average of $476.71 and a two-hundred day simple moving average of $417.30. The stock has a market cap of $115.03 billion, a P/E ratio of -668.87 and a beta of 1.16. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $517.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share 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 company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.93 earnings per share. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Piper Sandler cut shares of CrowdStrike from an “overweight” rating to a “neutral” rating and set a $505.00 price objective for the company. in a research note on Monday, July 7th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Thursday, June 5th. Jefferies Financial Group lifted their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Canaccord Genuity Group reiterated a “hold” rating and set a $475.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Roth Capital boosted their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $460.93.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,768 shares of the business’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total transaction of $869,449.36. Following the transaction, the chief accounting officer directly owned 41,251 shares in the company, valued at approximately $20,286,004.27. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of the business’s 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 transaction, the director owned 18,858 shares in the company, valued at $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. Over the last quarter, insiders have sold 241,820 shares of company stock valued at $113,297,985. 3.32% of the stock is owned by company insiders.

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.