American Assets Inc. Invests $561,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

American Assets Inc. bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,000 shares of the company’s stock, valued at approximately $561,000. CrowdStrike makes up about 0.2% of American Assets Inc.’s holdings, making the stock its 12th biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike during the second quarter valued at $25,000. Family Firm Inc. bought a new position in CrowdStrike during the second quarter valued at $30,000. Itau Unibanco Holding S.A. bought a new position in CrowdStrike during the second quarter valued at $33,000. Unique Wealth Strategies LLC bought a new position in CrowdStrike during the second quarter valued at $36,000. Finally, Hobbs Group Advisors LLC bought a new position in CrowdStrike during the second quarter valued at $38,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 1.1 %

Shares of NASDAQ:CRWD traded down $3.68 during trading on Tuesday, reaching $338.74. The stock had a trading volume of 576,373 shares, compared to its average volume of 5,030,779. CrowdStrike Holdings, Inc. has a one year low of $197.17 and a one year high of $398.33. The company has a market capitalization of $83.04 billion, a P/E ratio of 496.26, a PEG ratio of 22.31 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm’s 50-day simple moving average is $290.92 and its 200 day simple moving average is $309.11.

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 company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the business earned $0.06 EPS. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on CRWD shares. TD Cowen lowered their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Guggenheim lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Stifel Nicolaus lowered their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Piper Sandler reiterated an “overweight” rating and set a $290.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Scotiabank lowered their target price on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction that occurred 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 completion of the sale, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the sale, the director now owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,143,350 in the last three months. Corporate insiders own 4.34% of the company’s stock.

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.