CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,993 shares of the company’s stock after selling 612 shares during the period. Metis Global Partners LLC’s holdings in CrowdStrike were worth $764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of CrowdStrike by 1.0% during the third quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock valued at $2,463,451,000 after purchasing an additional 150,898 shares during the period. Jennison Associates LLC grew its holdings in CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after purchasing an additional 1,581,796 shares in the last quarter. Morgan Stanley increased its stake in CrowdStrike by 124.4% during the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after buying an additional 2,757,251 shares during the period. Ameriprise Financial Inc. increased its stake in CrowdStrike by 17.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after buying an additional 419,619 shares during the period. Finally, FMR LLC lifted its holdings in CrowdStrike by 8.6% in the 3rd quarter. FMR LLC now owns 1,864,511 shares of the company’s stock worth $312,082,000 after buying an additional 147,757 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $317.94 on Friday. The firm’s 50 day moving average is $313.09 and its two-hundred day moving average is $275.45. The firm has a market capitalization of $76.90 billion, a P/E ratio of 883.17, a PEG ratio of 12.41 and a beta of 1.08. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a 52 week low of $129.25 and a 52 week high of $365.00.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. The firm had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. Analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Activity

In related news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO George Kurtz sold 56,279 shares of CrowdStrike stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the transaction, the chief executive officer now directly owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 295,576 shares of company stock valued at $94,052,850. Company insiders own 5.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CRWD. Raymond James assumed coverage on CrowdStrike in a research report on Tuesday, January 30th. They set an “outperform” rating and a $330.00 target price on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 price objective on shares of CrowdStrike in a report on Wednesday, April 17th. Scotiabank increased their target price on CrowdStrike from $320.00 to $400.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 6th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, January 17th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $400.00 price target on shares of CrowdStrike in a report on Monday, April 8th. One research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $371.87.

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.