Sierra Summit Advisors LLC Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sierra Summit Advisors LLC increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,011 shares of the company’s stock after purchasing an additional 335 shares during the quarter. Sierra Summit Advisors LLC’s holdings in CrowdStrike were worth $5,752,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike during the 1st quarter valued at about $30,000. Family Firm Inc. purchased a new position in CrowdStrike during the 2nd quarter valued at about $30,000. Johnson Financial Group Inc. purchased a new stake in CrowdStrike during the fourth quarter worth $31,000. Northwest Bank & Trust Co purchased a new stake in shares of CrowdStrike during the 4th quarter worth $32,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of CrowdStrike in the 1st quarter worth approximately $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 18,297 shares in the company, valued at approximately $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction dated 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 directly owns 18,297 shares in the company, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,719 shares of company stock valued at $47,133,109. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Up 0.8 %

Shares of NASDAQ:CRWD opened at $259.13 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $63.06 billion, a price-to-earnings ratio of 488.92, a P/E/G ratio of 16.14 and a beta of 1.09. The company has a 50 day moving average of $276.14 and a 200-day moving average of $313.67. CrowdStrike Holdings, Inc. has a one year low of $157.59 and a one year high of $398.33.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. Redburn Atlantic cut shares of CrowdStrike from a “neutral” rating to a “sell” rating and dropped their price target for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. HSBC upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and boosted their price target for the stock from $302.00 to $339.00 in a research report on Friday, August 30th. BTIG Research cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, Raymond James lowered their price objective on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $327.16.

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.