Trust Asset Management LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Trust Asset Management LLC purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,582 shares of the company’s stock, valued at approximately $724,000.

Several other hedge funds have also made changes to their positions in CRWD. Arlington Financial Advisors LLC boosted its position in CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after buying an additional 30 shares during the last quarter. Sunpointe LLC lifted its stake in shares of CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after acquiring an additional 34 shares in the last quarter. Means Investment CO. Inc. boosted its holdings in CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after purchasing an additional 35 shares during the last quarter. Interchange Capital Partners LLC boosted its holdings in CrowdStrike by 1.1% in the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after purchasing an additional 39 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in CrowdStrike by 9.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock valued at $134,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the sale, the director now owns 816,730 shares of the company’s stock, valued at $261,745,630.40. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 in the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

Shares of CRWD stock traded down $2.10 during mid-day trading on Monday, hitting $370.16. 1,049,617 shares of the stock traded hands, compared to its average volume of 4,965,513. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $90.74 billion, a price-to-earnings ratio of 539.51, a price-to-earnings-growth ratio of 26.95 and a beta of 1.10. The company’s 50-day simple moving average is $308.04 and its 200-day simple moving average is $311.89. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm 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 company earned $0.06 earnings per share. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. As a group, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CRWD. Piper Sandler reaffirmed an “overweight” rating and issued a $290.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. JPMorgan Chase & Co. cut their price target on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. CICC Research assumed coverage on shares of CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective for the company. Wedbush set a $330.00 target price on shares of CrowdStrike in a research report on Thursday, October 17th. Finally, DA Davidson reaffirmed a “buy” rating and set a $310.00 price target on shares of CrowdStrike in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $337.15.

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.