Trust Asset Management LLC Buys Shares of 2,582 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Trust Asset Management LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 2,582 shares of the company’s stock, valued at approximately $724,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quent Capital LLC raised its holdings in shares of CrowdStrike by 59.9% during the 1st quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after purchasing an additional 88 shares in the last quarter. Lazard Asset Management LLC raised its holdings in CrowdStrike by 118.9% during the first quarter. Lazard Asset Management LLC now owns 29,819 shares of the company’s stock valued at $9,558,000 after buying an additional 16,197 shares in the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in shares of CrowdStrike in the first quarter worth about $218,000. Ancora Advisors LLC increased its holdings in shares of CrowdStrike by 33.7% during the 1st quarter. Ancora Advisors LLC now owns 4,266 shares of the company’s stock valued at $1,368,000 after acquiring an additional 1,075 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of CrowdStrike by 7.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 16,641 shares of the company’s stock valued at $5,335,000 after acquiring an additional 1,163 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 0.6 %

CrowdStrike stock traded down $2.10 during mid-day trading on Monday, hitting $370.16. 1,049,617 shares of the company’s stock were exchanged, compared to its average volume of 4,965,513. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $90.74 billion, a P/E ratio of 539.51, a PEG 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 (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the firm earned $0.06 EPS. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Rosenblatt Securities boosted 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. KeyCorp raised their price target on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday. Argus cut their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Citigroup reduced their price target on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $337.15.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This represents a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is owned by corporate insiders.

About CrowdStrike

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.