Summit Trail Advisors LLC Raises Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Summit Trail Advisors LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 71,627 shares of the company’s stock after purchasing an additional 290 shares during the quarter. CrowdStrike makes up 0.7% of Summit Trail Advisors LLC’s holdings, making the stock its 20th biggest holding. Summit Trail Advisors LLC’s holdings in CrowdStrike were worth $27,447,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in CRWD. Arlington Financial Advisors LLC lifted its stake in CrowdStrike by 1.5% in the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after acquiring an additional 30 shares during the last quarter. Saturna Capital Corp raised its holdings in shares of CrowdStrike by 2.7% in the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after purchasing an additional 33 shares in the last quarter. Means Investment CO. Inc. lifted its position in shares of CrowdStrike by 1.8% during the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after purchasing an additional 35 shares during the last quarter. Shepherd Financial Partners LLC grew its stake in shares of CrowdStrike by 1.4% during the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after purchasing an additional 36 shares in the last quarter. Finally, Albion Financial Group UT increased its holdings in CrowdStrike by 3.7% in the first quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In related news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the sale, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the sale, the director now owns 824,234 shares in the company, valued at $313,382,009.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The disclosure for this sale can be found here. Insiders sold a total of 45,577 shares of company stock valued at $16,330,609 in the last ninety days. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 8.1 %

CRWD opened at $299.85 on Friday. CrowdStrike Holdings, Inc. has a one year low of $157.59 and a one year high of $398.33. The company has a market cap of $72.97 billion, a price-to-earnings ratio of 565.75, a PEG ratio of 16.14 and a beta of 1.09. The business’s fifty day moving average is $265.90 and its two-hundred day moving average is $312.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. Analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CRWD shares. Oppenheimer lowered their price objective on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. DA Davidson reaffirmed a “buy” rating and issued a $310.00 price target on shares of CrowdStrike in a report on Wednesday. Barclays raised their price objective on CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Jefferies Financial Group cut their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Evercore ISI dropped their price objective on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $327.03.

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.