CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,295 shares of the company’s stock after selling 1,126 shares during the period. MetLife Investment Management LLC’s holdings in CrowdStrike were worth $19,716,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CRWD. CreativeOne Wealth LLC increased its holdings in CrowdStrike by 20.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 4,663 shares of the company’s stock worth $1,308,000 after purchasing an additional 780 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of CrowdStrike by 56.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 171,338 shares of the company’s stock worth $48,055,000 after buying an additional 62,161 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in CrowdStrike by 119.1% in the third quarter. Glenmede Trust Co. NA now owns 2,927 shares of the company’s stock valued at $821,000 after acquiring an additional 1,591 shares in the last quarter. Townsquare Capital LLC boosted its stake in CrowdStrike by 1.6% during the 3rd quarter. Townsquare Capital LLC now owns 8,495 shares of the company’s stock valued at $2,383,000 after acquiring an additional 133 shares during the last quarter. Finally, NCP Inc. grew its holdings in CrowdStrike by 1,900.0% during the 3rd quarter. NCP Inc. now owns 6,000 shares of the company’s stock worth $1,683,000 after acquiring an additional 5,700 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Down 4.6 %

CRWD opened at $347.59 on Thursday. The company has a market capitalization of $85.20 billion, a P/E ratio of 503.75, a P/E/G ratio of 26.33 and a beta of 1.10. 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 firm’s fifty day moving average price is $313.47 and its two-hundred day moving average price is $312.77. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. On average, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current year.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price target on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating for the company in a report on Wednesday. Rosenblatt Securities upped their target price on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus increased their price target on CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. KeyCorp boosted their price objective on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, Sanford C. Bernstein dropped their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $355.80.

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.