Summit Trail Advisors LLC Has $24.79 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Summit Trail Advisors LLC increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 72,455 shares of the company’s stock after buying an additional 985 shares during the quarter. CrowdStrike comprises approximately 0.9% of Summit Trail Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Summit Trail Advisors LLC’s holdings in CrowdStrike were worth $24,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Principle Wealth Partners LLC acquired a new position in shares of CrowdStrike in the 4th quarter worth approximately $221,000. Global Wealth Management Investment Advisory Inc. bought a new stake in CrowdStrike in the fourth quarter valued at $2,532,000. NORTHSTAR ASSET MANAGEMENT Co LLC acquired a new position in CrowdStrike during the fourth quarter worth $205,000. Silicon Valley Capital Partners lifted its holdings in shares of CrowdStrike by 37.9% during the fourth quarter. Silicon Valley Capital Partners now owns 1,092 shares of the company’s stock valued at $374,000 after acquiring an additional 300 shares during the period. Finally, MBA Advisors LLC acquired a new stake in shares of CrowdStrike in the 4th quarter valued at $413,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total value of $2,577,437.50. Following the sale, the director now owns 805,592 shares in the company, valued at $332,218,084.88. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 111,565 shares of company stock worth $39,898,614. Corporate insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CRWD shares. Rosenblatt Securities increased their target price on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Morgan Stanley lifted their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Finally, Citigroup increased their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $370.00.

CrowdStrike Stock Up 1.7 %

Shares of CRWD stock opened at $428.92 on Tuesday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $431.90. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $368.52 and a 200-day moving average of $316.70. The company has a market capitalization of $105.65 billion, a price-to-earnings ratio of 841.04, a P/E/G ratio of 17.22 and a beta of 1.16.

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.