Summit Financial LLC Acquires 473 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Summit Financial LLC raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,614 shares of the company’s stock after purchasing an additional 473 shares during the quarter. Summit Financial LLC’s holdings in CrowdStrike were worth $2,199,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. CVA Family Office LLC purchased a new position in CrowdStrike in the fourth quarter valued at about $26,000. Hexagon Capital Partners LLC purchased a new position in CrowdStrike in the fourth quarter valued at about $26,000. Silver Oak Securities Incorporated purchased a new position in CrowdStrike in the third quarter valued at about $27,000. Bear Mountain Capital Inc. purchased a new position in CrowdStrike in the fourth quarter valued at about $27,000. Finally, Gradient Investments LLC grew its stake in CrowdStrike by 1,818.2% in the third quarter. Gradient Investments LLC now owns 211 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value of $25,514,982.40. Following the transaction, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CrowdStrike news, President Michael Sentonas sold 18,747 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $6,107,772.60. Following the sale, the president now owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 78,080 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the sale, the chief executive officer now directly owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock worth $72,113,932 in the last three months. 5.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets boosted their price target on CrowdStrike from $332.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Jefferies Financial Group boosted their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Citigroup boosted their price target on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. DA Davidson lifted their target price on CrowdStrike from $285.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Canaccord Genuity Group lifted their target price on CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Trading Up 2.0 %

NASDAQ:CRWD traded up $5.88 during trading hours on Thursday, hitting $301.32. The company had a trading volume of 317,696 shares, compared to its average volume of 3,435,090. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $313.64 and a 200 day moving average of $271.03. The company has a market cap of $72.88 billion, a P/E ratio of 847.25, a P/E/G ratio of 11.70 and a beta of 1.08. CrowdStrike Holdings, Inc. has a 1 year low of $115.67 and a 1 year high of $365.00.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

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.