Summit Trail Advisors LLC Buys 1,586 Shares of CrowdStrike (NASDAQ:CRWD)

Summit Trail Advisors LLC raised its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 2.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 74,041 shares of the company's stock after acquiring an additional 1,586 shares during the period. CrowdStrike comprises 0.9% of Summit Trail Advisors LLC's portfolio, making the stock its 15th biggest position. Summit Trail Advisors LLC's holdings in CrowdStrike were worth $26,105,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CRWD. E Fund Management Hong Kong Co. Ltd. grew its stake in CrowdStrike by 305.3% in the first 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 in the last quarter. Sound Income Strategies LLC grew its stake in shares of CrowdStrike by 77.6% in the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after buying an additional 38 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike in the fourth quarter valued at $34,000. Millstone Evans Group LLC acquired a new position in CrowdStrike during the fourth quarter worth $34,000. Finally, ST Germain D J Co. Inc. raised its position in CrowdStrike by 426.3% during the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CRWD shares. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Morgan Stanley boosted their price target on CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada raised their price objective on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. JMP Securities reissued a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, KeyCorp dropped their price target on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company's stock. According to MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus target price of $453.88.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $4.03 during trading on Wednesday, reaching $496.10. 2,110,349 shares of the company's stock were exchanged, compared to its average volume of 4,774,318. The firm's 50-day moving average price is $457.49 and its 200 day moving average price is $403.42. The company has a market cap of $123.65 billion, a P/E ratio of -718.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $516.62.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. As a group, research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the sale, the director owned 18,858 shares of the company's stock, valued at approximately $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Michael Sentonas sold 25,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the sale, the president directly owned 422,204 shares in the company, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,821 shares of company stock worth $117,495,993 over the last 90 days. Insiders own 3.32% of the company's stock.

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.