MetLife Investment Management LLC Sells 1,126 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

MetLife Investment Management LLC lessened its holdings 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 institutional investor 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 quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the second quarter valued at $25,000. Family Firm Inc. acquired a new position in shares of CrowdStrike during the 2nd quarter worth about $30,000. Itau Unibanco Holding S.A. bought a new position in shares of CrowdStrike in the 2nd quarter valued at about $33,000. Unique Wealth Strategies LLC acquired a new stake in shares of CrowdStrike in the second quarter valued at about $36,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of CrowdStrike in the second quarter valued at about $38,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

CRWD stock opened at $347.59 on Thursday. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. 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 stock has a 50-day moving average price of $313.47 and a 200-day moving average price of $312.77. The firm has a market cap of $85.20 billion, a PE ratio of 503.75, a price-to-earnings-growth ratio of 26.33 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. As a group, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the sale, the director now directly owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. This represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s 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 completion of the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. 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 quarter. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the subject of several recent research reports. Oppenheimer increased their price target on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday. JMP Securities reissued a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. Truist Financial raised their target price on shares of CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Cantor Fitzgerald upped their price target on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Robert W. Baird lifted their price target on CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $355.80.

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.